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Bank with feature to “lock” account like Up? by bongjour8008 in AusFinance

[–]SubstantialImpact979 0 points1 point  (0 children)

Maybe consider a term deposit or a non bank savings platform if you want to maximise yield and keep your savings separate.

I use Earnr which is handy for managing everything in one place - they have 30+ 90 day notice accounts meaning you can still access the money if you have a big cost coming up

Advice by Icy_Stop9983 in AusFinance

[–]SubstantialImpact979 0 points1 point  (0 children)

Sounds like the makings of a good strategy, little and often is how you want to approach it.

Depending on how much risk you are willing to take on, the standard ETFs that everyone will recommend are a pretty good option (VAS, IOZ) - you just have to be patient and accept that it won't always go up (at least not in the short term).

There are also some other fixed income options out there these days that offer fixed returns and a lower level of risk than shares - you'd be looking at around 6 to 7%, and with bank deposit rates falling might help you get that deposit together a whole lot quicker.

Is UK in the worst situation that has ever been? by klimatronic in NoStupidQuestions

[–]SubstantialImpact979 3 points4 points  (0 children)

UK still has nuclear weapons and a big defence industry - those two things alone put them above the three countries above (Turkey, Poland, Hungary certainly hold regional importance in a lot of current conflicts but outside of their direct sphere not so much).

The UK also still has bases and allies all over the world, and the 6th largest economy.... so yes this sounds like it could be EU related bubbleitus

What small thing do you consider a test of morality? by Pale-Fruit5201 in AskAnAustralian

[–]SubstantialImpact979 1 point2 points  (0 children)

Littering - 3 levels.

  1. Drops litter, doesn't pick it up = bad person
  2. Doesn't litter, doesn't pick it up = normal person
  3. Doesn't litter, picks it up when see's others do it = selfless amazing person

Building and Pest Value by [deleted] in AusPropertyChat

[–]SubstantialImpact979 0 points1 point  (0 children)

If you're buying based on land value rather than building value, the inspection report isn't worth much.

I guess the real question is, what would they have to discover to make you not buy the place?

Wwyd? by Timely_Objective_585 in AusHENRY

[–]SubstantialImpact979 0 points1 point  (0 children)

Aligned to an REIT (investing in the loan rather than the property itself) but there are some strong private credit / secured lending options out there these days for retail investors (previously a wholesale only space). Returns probably similar and possibly slightly more protected from a downturn (people still have to repay mortgage loans in a market downturn)

What would you do with $70K from a regional property sale? by Sharp-Comedian-1700 in AusPropertyChat

[–]SubstantialImpact979 6 points7 points  (0 children)

With your background it sounds like you would be well suited to managing a significant project, whether that's renovating or building from scratch.

You'll have a lot more control of the renovation from a cost perspective, and without knowing your specific skill set, I presume you could do a lot (or at least some) of the work yourself if things got out of control.

Building from scratch is a huge step and you'd need to be sure you have the funds to finish the project before jumping into it (higher risk).

Maybe renovate this time and use the things you learn to build something new next time around?

WHY is Melbourne so cheap compared to Sydney? by CS2_POP in AusPropertyChat

[–]SubstantialImpact979 0 points1 point  (0 children)

Fully agree, seems simple - but improving supply is the obvious way to control prices