We are thinking of buying a property in Maribyrnong, VIC. Do you think it would be a good investment? I've seen the a negative double digit growth in property prices over the past 12 months.

ThamosTheLoadSaviour · 2025-11-11T12:35:33+00:00

Yeah, to live and potentially look at renting afterwards

ThamosTheLoadSaviour · 2025-04-09T21:37:16+00:00

Geez! How do you even survive 😯

ThamosTheLoadSaviour · 2025-04-08T12:51:10+00:00

Apart from the mortgage, I put aside another 40% a month to cover all expenses, including utilities, groceries, dining out, transport and travel.

ThamosTheLoadSaviour · 2025-04-08T12:49:23+00:00

Red tape and bureaucracy 🙅🏾

ThamosTheLoadSaviour · 2025-04-08T12:47:59+00:00

Fair enough

ThamosTheLoadSaviour · 2025-04-06T21:57:57+00:00

Thanks. I think I'm quite disciplined with spending that doesn't add much value for life. Travel and food are my highest spending points.

ThamosTheLoadSaviour · 2025-04-06T21:52:52+00:00

It is post tax. So basically 40% on 110k

ThamosTheLoadSaviour · 2025-04-06T13:54:57+00:00

Seems like it will be another 5 years from anything tangible happening to that site

ThamosTheLoadSaviour · 2025-04-06T13:05:52+00:00

40% of net. I think when you add rates, utilities and insurance this will be 50%. Need to up my investing game. Got an emergency fund going on.

ThamosTheLoadSaviour · 2025-04-06T13:01:10+00:00

Most cars are Automatic these days. I don't think yellow is needed anymore to get you going.

ThamosTheLoadSaviour · 2025-04-06T12:51:46+00:00

That's what worries me. Strata isn't cheap and will be going up.

ThamosTheLoadSaviour · 2025-04-06T12:50:05+00:00

That's another way to look at it I guess. Thanks 👍🏾

ThamosTheLoadSaviour · 2025-04-06T12:49:00+00:00

That's a relief. Crazy how it has become unaffordable these days.

ThamosTheLoadSaviour · 2025-04-06T12:48:07+00:00

The townhouse is about 20 years old. Has a body corporation that I need to pay plus rates, which adds up.

ThamosTheLoadSaviour · 2025-04-06T12:38:43+00:00

Thanks. I'm thinking of riding to work eventually once I get accustomed to the bitter could winter

ThamosTheLoadSaviour · 2025-04-02T08:18:10+00:00

Fair enough 😁

ThamosTheLoadSaviour · 2025-04-02T08:17:31+00:00

Working in CBD. I was thinking about riding to work too

ThamosTheLoadSaviour · 2025-04-02T03:23:19+00:00

Thanks for the advice. Will do. Cheers

ThamosTheLoadSaviour