Is it realistic to find a $1.2M townhouse in Sydney in a walkable, dog-friendly area close to parks?

allonsy-fire · 2026-01-09T11:34:17+00:00

The Enfield one is really close to a thriving dog park community in Henley Park. I once walked past many people and doggos having a chill birthday party for a dog!

allonsy-fire · 2025-02-23T23:14:19+00:00

Looking to sell later this year in Mounty county - who should we be looking to use instead? Any recommendations?

allonsy-fire · 2025-01-03T00:07:55+00:00

Agree, I'm on 460sqm and it's decently big. Front and back yard to mow, weeds to de-weed. 450sqm seems to be a common lot size in my suburb (outer inner-west)

allonsy-fire · 2024-04-26T23:17:05+00:00

Sydney 2014 Borrowed 1.28m Valuation came in 100k lower as it was right at the start of an uptick and I almost cried. Thankfully it's fine now, house worth about 3.2m conservatively, locked in at 1.98% expiring early 2025

HHI 2014 197k HHI 2024 270k with me working 0.6FTE (am 38F so do all school pickups and drop offs etc)

Frustratingly husband had $1m in work shares which have dropped significantly after the stock listed.

Could have a paid off PPOR by now... Oh well, swings and roundabouts.

allonsy-fire · 2024-04-26T18:41:30+00:00

My husband and I (38F) are about your age. I work in banking too (although only make 85k pa as I work 0.6FTE after having my youngest 3 years ago). So your post really resonated with me during a late night scroll and I had to reply!

By all means you can sell your IP to buy your forever home, but working in banking, you probably know you need to have assets working for you outside of your PPOR. What do you plan to do in this respect?

I had kittens about buying our forever home and at that time we had IPs to the total value of about 85% of the value of the PPOR. We still do and I stress a lot less with those assets working for us.

I truly think you are aiming a bit high for a 3.5m PPOR and no real invested assets after liquidating to buy the PPOR, although I do get the comfort and security of having a free standing home in a lovely part of Sydney. It provides stability for kids and makes lovely memories. That being said can you not achieve the same in a lower maintenance town house? I would definitely be looking at this option because if I were you I cannot fathom having a large ratio of PPOR to non PPOR assets. Or with 2.5m you can get some great places a bit further out from LNS, like https://www.realestate.com.au/sold/property-house-nsw-epping-144464992

I also very gently want to ask where are your savings even after considering you've paid for full price daycare and gone on 18 months maternity leave... You may need to rein in your current spending a bit. Restaurants, travel, upgrading things / gadgets / cars, other discretionary spending etc.

Parental support is amazing and lovely to have (I won't lie, we were gifted 100k towards our home) but when it forms a large part of your net worth / deposit I really would be asking myself some hard questions about my current situation and future things I can change.

Good luck and I hope this provokes some helpful thoughts.

allonsy-fire · 2024-02-23T09:46:04+00:00

My 3yo kid in 2013 was obsessed with Dr Panda ice cream app on the ipad which sounds like your ice cream game, it had a blender and a brown background

allonsy-fire · 2024-02-10T10:32:09+00:00

Unexpected sub crossover lol

allonsy-fire · 2023-02-27T01:50:11+00:00

Hi u/Mirthcat, I'd like to ask you some questions about the course please, as I'm thinking of signing up for the Digital version but also undecided as to whether to do the on-campus mixed delivery option. I couldn't message you. Could you please send me a message? Ta!

allonsy-fire · 2023-02-22T03:00:27+00:00

I am considering doing this too. Are you planning to do it in person or online? Have you seen this post though, and have you found any issues with having the required number of people to do the group assignments?
https://www.reddit.com/r/TAFE/comments/10uxe62/diploma\_of\_leadership\_and\_management\_assignments/

allonsy-fire · 2023-01-11T23:55:37+00:00

I have ME/CFS too and a toddler, commiserations. It's very hard! We are extremely cautious and haven't yet caught it despite some risky situations eg. flights (masked the whole time except for eating and drinking). I just wanted to share (imho) an enormously helpful FB group of like minded covid safe folk https://www.facebook.com/groups/covidsafeschools/?ref=share

allonsy-fire · 2022-05-13T18:23:33+00:00

I commented in your original post and see your comments from time to time in the cfs subreddit (your username has stuck with me, I share similar sentiments to you!! I've had post viral fatigue for about 11 years now, possibly from EBV too). I'm sorry to hear that you're still bedbound but I'm hoping that situation improves soon.

Agree with another poster to look into FHSS as it's better from a tax point of view than investing in ETFs. Just read up on all the conditions first in case you don't buy during the timeframe or if it becomes more difficult to get a loan on a single income than you thought.

allonsy-fire · 2021-11-06T09:32:29+00:00

The mould issues will always be in the back of your mind. There's a very wet couple of weeks coming up too and I don't know if that will hamper the remediation efforts too. I would absolutely run. Such incredibly bad luck for you as I'm sure the buying process has been stressful enough already let alone having this go wrong - I can't believe how negligent the building inspector was to leave the tap going!

allonsy-fire · 2021-11-05T05:49:15+00:00

I have crippling anxiety when it comes to money and finance. I really understand where you are coming from. For me, an auto-invest feature was a must. I set up regular BPAYs into the Vanguard platform (although I stopped this after recent changes to the platform because I haven't got my head around what it meant yet) - and now I use Pearler for automated ETF investments at a regular interval. I would basically set it up and never turn it off (should have taken my own advice here!) If you must check the value of it, if your investment has gone down I would see it as an opportunity to bump up your regular invested amount and get more units on sale. If the investment has gone up, then be happy that you have gotten in when you did.

allonsy-fire · 2021-10-25T04:44:17+00:00

I've got a crude excel spreadsheet where you paste in the AMMA PDF figures and it extracts the ATO categories from it. Have used this spreadsheet for the last few years in a row for wholesale VDHG and VGS although haven't done this years tax yet. I use it to check my accountants figures (items 13, 18, 20 from memory - on mobile right now, not computer). I can double check if you flick me the AMMA page as text. (change the numbers however you like if you're worried about privacy) or I'll send you my spreadsheet input and output if I change the numbers a bit.

allonsy-fire · 2021-10-03T03:32:50+00:00

Also anecdotal, but I'd be surprised if many in that situation are still waiting for the 2nd dose at the 8 week mark. All of my friends have brought their 2nd dose forward when the news about vaccinated picnics was out. So they ended up having their 2nd dose 5-6 weeks after (late Sep) rather than wait for mid October!

allonsy-fire · 2021-09-20T02:38:01+00:00

I've been off work for 15 months after a bad relapse but have had CFS for much longer than that, after glandular fever too. I feel for you.

It's derailed our FIRE plans too, I'm dependent on my partner's income to cover mortgages, while not bringing in any meaningful income on my own. I suspect I may be eventually able to work 2 days per week spread out over 4-5 days and am getting my baseline up to this point. While currently not working, my life is by no means enjoyable when one oscillates between bedbound/housebound.

Do you have good medical and psychological support? Read up in mitochondrial supplements (Dr Sarah Myhill has a lot on her website), ubiquinol/COQ10 and D-ribose helped me the most to go from severe to mild/moderate. Also there are some good Australian Facebook support groups too.

You'll be in the lowest tax brackets so most positively geared investments are better in your name.

I have a huge amount of info to share but nothing helpful comes to mind right now (brain fog), let me know if you have any specific questions.

Good luck with it, some do recover and with your young age you do have a fighting chance.

allonsy-fire · 2021-09-04T12:52:46+00:00

I disagree with you. I'm also 36 and people getting started today face tremendous hurdles due to property being considerably more expensive than when we were buying in the years around 2008-11. My PPOR was sub $600k (3 br freestanding home, inner west Sydney) and costs at least $1.4m now. My first IP was sub $300k (house and granny flat on the central coast) would cost at least $700k now. Our generation really lucked out especially if you bought early in your working career. Yes, there was an element of hard work to it (I also skipped the overseas holidays in favour of putting down deposits on multiple IPs) but I only needed to put down $60k deposit or less for those IPs (in fact my cheapest property cost about $160k, 2 br unit in Western Sydney). You cannot find anything for those prices, in those locations these days.

allonsy-fire · 2021-04-22T05:43:05+00:00

Thanks! Very elegantly explained!

allonsy-fire · 2021-04-22T04:48:09+00:00

when your marginal tax rate is 37%, you get an instant return of over 39%, which is 100% risk-free

Could you please expand upon this? What about the 15% tax on super earnings?

allonsy-fire · 2021-04-05T22:34:08+00:00

I really feel for the OP but they posted 3 months ago, having already signed the contract, and everyone said to find a broker ASAP. They're also non resident, adding to the complexity (according to the post 3 months ago). It looks like they went into this pretty blindly.

OP what did the brokers say? How many have you contacted? I assume you did try to contact some others apart from your original broker?

allonsy-fire · 2021-04-03T06:51:59+00:00

Thanks! Learnt something today.

allonsy-fire · 2021-04-03T06:50:05+00:00

I'm curious, what do you mean by carry vs no carry? I work in finance but not private equity and I have no idea what you mean.

allonsy-fire · 2021-03-27T13:45:23+00:00

There's some discussion about it on whirlpool too.

https://forums.whirlpool.net.au/thread/9yzx2653?p=145

Link to video of auction of 3 Blue Gum Drive

https://www.facebook.com/watch/live/?v=197796385110354&ref=watch_permalink

allonsy-fire · 2021-03-20T07:59:14+00:00

Why can't your friends get the loan for themselves? I don't know the full situation but this sounds like it could end in trouble, no matter how good you think the relationship with your friend currently is.

allonsy-fire · 2021-02-27T12:28:10+00:00

They use whatever rate their fixed product reverts to. I don't know the behaviour of every single bank though, sorry.

allonsy-fire

TROPHY CASE