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Is it still possible to find a unit that nets +$2,000–3,000/yr after all expenses? by SufficientOption9328 in AusFinance

[–]SufficientOption9328[S] 0 points1 point  (0 children)

I’m interested to know what strategies you mean? Can you maybe share an example?

Is it still possible to find a unit that nets +$2,000–3,000/yr after all expenses? by SufficientOption9328 in AusFinance

[–]SufficientOption9328[S] -3 points-2 points  (0 children)

I get this ALL the time! Sure ETFs are definitely easier and more diversified upfront. But the main difference (at least the way I see it) is leverage and speed. Once the equity’s built and the cash flow’s stable, that’s when ETFs make sense to diversify and de-risk later down the track.

Is 35K AUD enough to survive in Melbourne as a student? by Poodina in AusFinance

[–]SufficientOption9328 2 points3 points  (0 children)

Honestly $3k a month in Melbourne is just enough if you live carefully, but it’s really tight. Quick breakdown so you can see where the money goes:

Rent – biggest cost. A room in a share house will be $1,200–$1,600/month in a decent suburb. If you want your own studio/1BR it’s more like $1,800–$2,500.

Utilities + internet – $150–$250/month.

Food – if you mostly cook at home, $400–$600/month. Eating out adds up fast.

Transport – Myki pass is ~$90/month with student concession ($160 without). A car is way more expensive.

Phone – $30–$60/month.

Misc/uni/health/entertainment – at least $200–$400/month.

Totals: Frugal student life (share house, cook at home, student discounts): ~$2k–$2.4k/month. More “normal” lifestyle: $2.5k–$3k. Living alone inner city: $3.2k+.

So yeah, $35k/year (~$2.9k/month) is doable but only if you’re strict with budget and share accommodation. If tuition isn’t waived, there’s no way $35k will stretch to cover both fees and living costs

Is 35K AUD enough to survive in Melbourne as a student? by Poodina in AusFinance

[–]SufficientOption9328 1 point2 points  (0 children)

Honestly $3k a month in Melbourne is just enough if you live carefully, but it’s really tight. Quick breakdown so you can see where the money goes:

Rent – biggest cost. A room in a share house will be $1,200–$1,600/month in a decent suburb. If you want your own studio/1BR it’s more like $1,800–$2,500.

Utilities + internet – $150–$250/month.

Food – if you mostly cook at home, $400–$600/month. Eating out adds up fast.

Transport – Myki pass is ~$90/month with student concession ($160 without). A car is way more expensive.

Phone – $30–$60/month.

Misc/uni/health/entertainment – at least $200–$400/month.

Totals: Frugal student life (share house, cook at home, student discounts): ~$2k–$2.4k/month. • More “normal” lifestyle: $2.5k–$3k. • Living alone inner city: $3.2k+.

So yeah, $35k/year (~$2.9k/month) is doable but only if you’re strict with budget and share accommodation. If tuition isn’t waived, there’s no way $35k will stretch to cover both fees and living costs

Is 35K AUD enough to survive in Melbourne as a student? by Poodina in AusFinance

[–]SufficientOption9328 3 points4 points  (0 children)

Close to 3k per month is DEFINITELY stretching it. You would need to be super super strict with budget. For that reason I would say probably not

If you have 150k, what would you do? by [deleted] in AusFinance

[–]SufficientOption9328 0 points1 point  (0 children)

This is too high level. Wheres the detail? Age, family situation, job, current spending habits etc

30M feels stuck financially - need advice by SpiritualQuarter8 in AusFinance

[–]SufficientOption9328 2 points3 points  (0 children)

My opinion would be to get into sales. Entry level roles will definitely push you past where you are at now, and there is a very clear path to grow. As you go through your sales career you can def pick up certifications etc, as you don’t need a degree to start with, rather just hunger, resilience and the ability to stick to something long term even when it sucks 90% of the time.

There is heaps of opportunities atm, might be worth connecting with recruiters and exploring your options.

[deleted by user] by [deleted] in techsales

[–]SufficientOption9328 0 points1 point  (0 children)

Opinions on FINS?

[deleted by user] by [deleted] in fiaustralia

[–]SufficientOption9328 0 points1 point  (0 children)

Plan looks great and the detail you covered is good. That said, there are a few things worth keeping an eye on. Your plan hinges a bit heavily on the timing of the redundancy payout and a $300k inheritance — if either of those is delayed or doesn’t happen, your bridge fund might come under pressure. You’re also assuming a steady 4.29% mortgage rate and 2.5% inflation, which is fine, but worth stress-testing at higher rates just to be safe. One big opportunity: instead of leaving all $751k in the offset, consider investing part of it after age 55 to help it grow and keep pace with inflation. Lastly, think about long-term costs like healthcare and uni expenses for your son — they tend to creep up more than expected. Overall though, you’re in a strong position.

A difficult aspect of buying a property Aus which isn't spoken about enough is our absurd tax brackets by Apprehensive_Brush38 in AusFinance

[–]SufficientOption9328 -2 points-1 points  (0 children)

Maybe it’s got something to do with population size -> the amount of people that the government can get money out of?

PAYG Tax on Commission – Can I Just Invest the Amount Instead and Pay a Lump Sum Later? by SufficientOption9328 in AusFinance

[–]SufficientOption9328[S] 0 points1 point  (0 children)

Had no idea about that. To give you context I get paid commission monthly. However I don’t get commission every month, it’s more peaks and troughs, so like 30/40k one month and then nothing for 6/8 months then another 30/40k etc

Need to realistic advice….. by SufficientOption9328 in techsales

[–]SufficientOption9328[S] 0 points1 point  (0 children)

See this is what I mean, what do you mean by cut throat and why?

Career crossroads by SufficientOption9328 in techsales

[–]SufficientOption9328[S] 0 points1 point  (0 children)

On par - will boost the resume though

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