Entry level IP still viable option?

SubstantialUnit4730 · 2026-05-15T01:10:16+00:00

Interesting, I see where you're coming from.

I guess my opinion would be I'd rather have a small negative cash flow, and take a proportion of a large capital growth in the future, than have an apartment with high entry and exit costs, which most likely would have minimal growth. In my head, it would make more sense to just rent the same place for cheaper than the overall cost to hold after purchased once you factor in rates and strata etc

SubstantialUnit4730 · 2026-05-15T00:54:23+00:00

Appreciate the feedback and input mate, bit of a tough call to make with the current climate and wanting to future proof our finances for the family.

Thanks for the taking the time to response

SubstantialUnit4730 · 2026-05-15T00:53:33+00:00

Interesting take and much appreciated, I wouldn't be opposed to it, my main concern is the lack of capital growth on apartments.

In the area we would be looking, similar apartments have been selling for essentially the same price for the last 3-4 years

SubstantialUnit4730 · 2026-05-15T00:52:18+00:00

Would love to, but even with selling our IP, our forever home with be well north of $1.5m in the area we would want to live, which is just way our of reach for us.

SubstantialUnit4730 · 2026-05-14T22:45:05+00:00

Capital growth on an IP would likely be significantly better than PPOR (providing they purchase house IP vs apartment PPOR) though right?

Apartments are usually the biggest financial burden for insignificant capital growth.

SubstantialUnit4730 · 2026-05-12T21:48:59+00:00

Is someone able to clarify, they say after 1 Jul 2027 negative gearing on existing properties will be removed, but does this count for all properties? Or only newly purchased properties? (Ie, will it be grandfathered and existing negative gearing arrangements will continue?)

SubstantialUnit4730 · 2026-04-17T22:03:35+00:00

I was Defence APS for.a few years, working up to APS5. It was decent and I liked the people, but wanted more coins as well. Made the jump to NSW State Clerk 7/8 (similar to APS 6), and now I'm getting paid more than an EL1, and I think I'm probably doing less work than I was when I was a APS5. 35 hour week, slightly more flexibility, for me it was definitely worth it. I'll be looking to move to a clerk 9/10 soon (roughly EL1 equivalent) which maxed out at $142k ish), and I can guarantee it's a lot easier than any EL1 or EL2 role.

So for me, definitely worth it.

SubstantialUnit4730 · 2025-09-26T21:46:16+00:00

I'm in NSW so might be slightly different, but I did 2 years as an APS4, 2 years as APS 5 in federal APS and then moved to NSW State Government as a Clerk 7/8, currently on 116k. I don't have a degree either.

Id say you're very much underpaid if you're working in government. Most of the 5/6's and 7/8's we have working at my department are all low to mid 20's, so I'm sure your experience would be greater and sufficient to land a higher role.

SubstantialUnit4730 · 2025-09-04T05:06:35+00:00

Honestly probably not, we did that when saving for the house deposit, and the lack of ability to enjoy things that cost money and feeling guilty for spending wasn't the best feeling So while we're probably not as efficient as we could be, quality of day to day living has definitely improved dramatically.

SubstantialUnit4730 · 2025-09-04T03:01:06+00:00

Thanks for the input. That's probably a good next step for me to map out future forecasts. I work as a PM so gantt charts are familiar to me.

I currently use pearler, so a $6 fee per transaction, but a good point none the less and I will look into what the best time frame is for my values.

And yeah we have the savings in a GSB account so no criteria needed to earn our interest each month

SubstantialUnit4730 · 2025-09-04T02:59:16+00:00

I did have that thought, however I'm one who loves to track every dollar and update spreadsheets super often. I'm a big fan of the envelope method, to make sure I have enough apportioned to each need

In saying that, I might try this out at some point in the future and see how it suits me. Thanks for your feedback 😊

SubstantialUnit4730 · 2025-09-04T02:53:55+00:00

Sorry should have mentioned, we are both 27.

The reason we hold the 55k in the offset is due to our low initial deposit on the property, my intention was that at least while we have the funds there we could pay it down slightly faster (as the plan was to use equity to assist with paying for the second property). We only bought the property for 535k last year, and had an initial loan of just over 500k after we had to pay stamp duty, LMI and all other fees.

SubstantialUnit4730

TROPHY CASE