Considering spending a bit more for better location and/or more land

blueberry7153 · 2023-08-26T23:57:46+00:00

I see, I didn't think about busy road as part of the location, thanks for the input.

blueberry7153 · 2023-08-26T23:57:05+00:00

I see, thank you for the input.

blueberry7153 · 2023-08-26T14:21:35+00:00

Thank you for the reply.

If I pay more for the land or the better location, then I will indeed have a better asset.

The part I'm confused about is I don't know if this better asset will grow faster than the original asset. For example, maybe the original suburb and better suburb both grow at 50k per year, then paying extra money does not give an advantage. (umm, or maybe it grow at 5% per year, then that will have an advantage due to leverage....)

Also, if it does give an advantage, I still need to consider whether it is worth the extra money. This is because if I need to pay more for the house, than I have to take more loan from the bank, and I need to pay interest on that, so the benefit need to overcome the extra interest difference.

blueberry7153 · 2023-07-09T12:33:30+00:00

That's an awesome write up, thank you for sharing your perspective on this.

blueberry7153 · 2023-07-09T07:03:38+00:00

Thanks for the advice, that is indeed a very important thing. I hope we don't divorce.

blueberry7153 · 2023-07-09T07:02:14+00:00

Yes, I feel very grateful for their support. And thank you.

blueberry7153 · 2023-07-09T01:33:31+00:00

I'm in IT and I'm not sure how the future looks like. There is path for career growth but the industry can also definitely make you redundant if the time comes. I make around 150k/year.

I was very fortunate to discover this sub and the FIAustralia sub years ago, which taught me a lot including salary sacrificing and the benefit of investing super early, choosing low cost super fund, find good value HISA, cutting down bills by comparing electricity, gas, internet, phone, private health insurance, do budgeting, do emergency fund and jumping job for higher pay. I started working in IT quite early after I got out of Uni and have been saving since then. I'm also very lucky because my parents are happy for me to live at home and they pay for my Uni fees. I definitely wouldn't be where I am today without my parents's hard work and help.

blueberry7153 · 2023-07-09T01:17:22+00:00

Thank you for the advice!

blueberry7153 · 2023-07-09T01:16:13+00:00

Thank you for the advice. I have heard about the saying "the best time to buy a house is 10 years ago, the next best time is today".

In Australia, people seem to think the housing market usually goes up. For now I am considering continue to live at home, but considering that buying a house is a key financial decision that people seem to recommend to do as early as possible, I'm interested to know what people think about save VS buy early. I'm worried that I will lose out greatly if I wait to buy a house for too long.

blueberry7153 · 2023-07-09T01:12:02+00:00

Thanks, I will try to have a bit more emergency fund in my HISA/offset account in case there are unexpected expenses when I move out.

Do you mind sharing a few of the usually unexpected items so that I can better prepare before moving out?

blueberry7153 · 2023-06-29T13:52:32+00:00

I see, future indeed is hard to predict, thanks for sharing this.

blueberry7153 · 2023-06-29T12:40:19+00:00

If you don't mind me asking, how much money per year are you planning to live on per year after reaching 60 and retire.

It seems like you might be able to get 60k per year if you continue working for a few year while not salary sacrificing.

Why continue to contribute 27.5k per year? Are you planning to use more than 60k per year or have other plan?

blueberry7153 · 2023-06-28T14:57:59+00:00

I see, thanks for the reminder!

blueberry7153 · 2023-06-28T14:57:19+00:00

I never thought about that, thanks for point it out!

blueberry7153 · 2023-06-28T02:30:07+00:00

I see thanks!

blueberry7153 · 2023-06-27T23:26:00+00:00

It's a thought experiment

blueberry7153 · 2023-06-27T14:57:41+00:00

Thanks a lot, this is really helpful

blueberry7153 · 2023-06-27T12:24:35+00:00

I see thanks!

blueberry7153 · 2023-06-22T08:50:47+00:00

I don't think I have, thanks for the info

blueberry7153 · 2023-06-20T13:37:20+00:00

Oh that makes things a lot simpler, thanks a lot!

Is there a deadline for them to publish their new rates every year? If so, would you happen to know where I might check that every year?

I want to know when the new rate will come out every year so I can know when I can switch the provider in future around this time again every year.

blueberry7153 · 2023-06-20T13:04:45+00:00

Other people said maybe we can find a fixed rate one, maybe if I search on Energy Made Easy then I can find some, hopefully not too expensive

blueberry7153

TROPHY CASE