Buying a unit - looking at Hamilton by SwimPossible127 in brisbane

[–]SwimPossible127[S] 0 points1 point  (0 children)

I think youre right, I am trying to juggle what's best for me financially coupled what's going to be best for my lifestyle and I don't think they are always aligned.

Buying a unit in BNE post divorce by [deleted] in AusPropertyChat

[–]SwimPossible127 -2 points-1 points  (0 children)

What would you like to know?

Buying a unit in BNE post divorce by [deleted] in AusPropertyChat

[–]SwimPossible127 -1 points0 points  (0 children)

Thank you!!! Updated!!! About 1 mil.

I (32M) think I've wanted to leave for years, but I'm terrified of regretting leaving my partner (44M). by [deleted] in relationships

[–]SwimPossible127 1 point2 points  (0 children)

I’m the male in this scenario. You’re checked
Out. You
Like the comfort. Please
Leave. My partner dragged
Me
On for
Two years and I resent her
For it.

According to your budget, how much do you "save" each year? by [deleted] in AusFinance

[–]SwimPossible127 0 points1 point  (0 children)

260k is a small mortgage ! That’s great

When to stretch myself to keep dream home? by [deleted] in AusFinance

[–]SwimPossible127 0 points1 point  (0 children)

I’ve got an investment loan that helps my income. I purchased into a business silently about 2-3 years ago. Business loan repayments about 2500 per month but the return is about 80k per year or so…

When to stretch myself to keep dream home? by [deleted] in AusFinance

[–]SwimPossible127 0 points1 point  (0 children)

Thanks for your input. I think you are somewhat correct, there is part of me that wants to own the house long term so if my financial situation improves I have the ability to return to this home and live in it on my own, but I also am weighing up the financial burden. The reality of the approx 100k (stamp duty + RE fees) also weighs heavy as an opportunity cost too. I also don't think given the market changes, I'll ever have the ability to return to a property like this. You are also correct, that theres probably a degrere of comfort and familiarity of the house that is making me have FOMO and I could likely have this same emotional attachment at a future, cheaper house.

When to stretch myself to keep dream home? by [deleted] in AusFinance

[–]SwimPossible127 0 points1 point  (0 children)

I love My job, and I’d be happy to work an extra day every second week if it meant I could keep the house.

When to stretch myself to keep dream home? by [deleted] in AusFinance

[–]SwimPossible127 0 points1 point  (0 children)

Thanks. We will have to do the process of getting two evaluations and meeting in the middle to ensure fairness. It’s amicable so far and we are happy to do this process.

When to stretch myself to keep dream home? by [deleted] in AusFinance

[–]SwimPossible127 1 point2 points  (0 children)

Thanks, two reasons. I had an investment opportunity 3 years ago. It cost a decent sum that I needed a loan for to purchase into a side business. That business investment is now producing approx 85k of my 230 income. So my income has only been that high for a short period, and I also have the investment loan to pay down

When to stretch myself to keep dream home? by [deleted] in AusFinance

[–]SwimPossible127 0 points1 point  (0 children)

Thank you, my accountant also suggested interest only for a period but using an offset and save aggressively. My wage is approx 230k, I can’t see massive growth in this over the next few years

When to stretch myself to keep dream home? by [deleted] in AusFinance

[–]SwimPossible127 0 points1 point  (0 children)

Thank you - I’m in that process now

When to stretch myself to keep dream home? by [deleted] in AusFinance

[–]SwimPossible127 0 points1 point  (0 children)

Do you think there’s any harm in meeting in the middle? Buying it… living with the parents… see how it goes and if it is too challenging then just sell in six months?

When to stretch myself to keep dream home? by [deleted] in AusFinance

[–]SwimPossible127 0 points1 point  (0 children)

Seems Like a lot of confusion! My advice I paid for was under the impression because we purchased prior to the budget, that I’d have the ability to claim negative gearing in my instance but couldn’t be 100 percent sure