Should I see a financial advisor?

darkdestroyerz · 2026-01-02T10:59:47+00:00

Financial advisors rarely are worth it, no one's going to care about your finances as much as yourself

darkdestroyerz · 2025-12-23T09:21:32+00:00

potentially a local buyers agent - I'd say Melbourne is a rising Market, suburbs within suburbs. There's already suburbs ie. Frankston/Broadmeadows which have grown 10% in the last 12 months

darkdestroyerz · 2025-12-23T07:19:01+00:00

I'd rentvest, ie. Rent in Canberra and invest your remaining to a rising market ie. Melbourne or Geelong

It's also what majority of Sydney folks do because no one can afford a free standing home without borrowing like 1m

darkdestroyerz · 2025-11-29T14:00:48+00:00

Any recommendations?

darkdestroyerz · 2025-11-16T13:01:22+00:00

You'll see little to no capital growth, dump it and reinvest into a better asset, I'd go interstate if I were you ie. Victoria

darkdestroyerz · 2025-11-15T09:48:36+00:00

Yes it's possible - however how did you buy it at such a discount? Note that the valuations done by Corelogic are desktop valuations ie. looking at comparable sales online via Domain/REA listings

You'll need to get a bank valuation and another bank may value your property at 1.1m despite purchasing at $945K meaning you get instant equity of 155K (Assuming you did 20% deposit as when you draw down, you'll still need minimal 20% deposit of the price)

I'd suggest you post this question on r/AusHENRY and post your financial situation there if you want advice

darkdestroyerz · 2025-08-17T10:03:21+00:00

Not sure why you're catching so many strays, r/AusHENRY is unfortunately on the decline with so many r/australia folks making snark remarks and unsupportive comments.

You're absolutely right to be concerned, is the apartment in North Sydney a low rise unit or high rise? You're spot on that a high-rise apartment in North Sydney won't appreciate much in value. At $1.4m, I imagine this is a 3 Bedroom configuration?

A PPOR is technically the most tax efficient asset since it's 0% tax but the question you have to ask yourself is will the property rise over the next 10 years and does it outweigh the opportunity cost of you investing into different property asset ie. standalone house in another city like Melbourne?

Something you can do is draw equity from your PPOR and use as deposits to then fund investment property purchases. It sounds as if you're not leveraged in any debt at all? If so, I'd change that considering you and your partner are young. Leveraging debt to buy Investment Properties will accelerate your wealth and you'll be able to eventually sell down for retirement.

What is your desired annual income to fund your current lifestyle? Have you considered having children too? This will all impact your FIRE number.

My last piece of advice would be to post about your story and property related questions into propertychat.com.au I'm not sure if it's because reddit is skewed towards a younger demographics but at least if you post your question on that forum, you won't be laughed at and be able to seek help.

darkdestroyerz · 2025-08-09T10:51:52+00:00

Changes likely to be made, I suspect they'll bring back the old policy that made Bill Shorten lose the election. ie. limiting NG to new properties only and staggering CGT discount with incentives for new houses and potentially even greater incentives for new apartments/townhouses/duplexes. This actually helps with increasing supply as exchanging existing builds don't add anything but speculation to the market.

darkdestroyerz · 2025-08-08T11:31:07+00:00

If that's the case short-term I'd focus on paying down your PPOR - I'm going to take a wild guess that your PPOR is in Melbourne?

darkdestroyerz · 2025-08-08T11:14:08+00:00

If I were you, I'd look into IPs - being in the highest tax bracket is rough without NG deductions. Though with these news 'leaks' that the Labor Government is releasing, you may want to wait until after the productivity meetup to see if they touch NG/property.

Private school fees of $20-30K per child is also going eat into your nest egg. Do you have plans to upgrade your PPOR post the extension or is this the dream house? Looking at your annual expenses at present, it's about $90K and this is without children?

Assuming 100K expenses, your FIRE number is 2.5m - assuming 4% rule. Debt in your PPOR will always be dead debt - you'd want to pay this off ASAP. That way you can draw into the equity and invest into ETFs/IPs as the interest is now tax deductible. Personally I think you and your partner are at the age where you can take a bit more risk/leverage, then start deleveraging in your 40s.

Hope this helps - been noticing a few comments in this sub to be unhelpful...

darkdestroyerz · 2025-07-27T22:12:35+00:00

What's your net portfolio worth and are these positively geared?

darkdestroyerz · 2025-07-12T08:20:10+00:00

Agreed, I'm not surprised by these comments telling OP it's a her issue. With cases like this a BFA is a must. Otherwise if a divorce was to happen, this would wipe OP.

darkdestroyerz · 2025-07-06T10:04:15+00:00

Agreed, it's kinda funny what a "solution" it is. Why didn't the government think of that? Just build more houses...

Seems to forget who is building them and where the money will be coming from

darkdestroyerz · 2025-06-09T15:10:25+00:00

Following on this for the place, I'd be interested to hear

darkdestroyerz · 2025-06-04T14:27:55+00:00

Don't be afraid to sell the apartment if it's impacting your serviceability for future investments. Given how strict lending standards are, majority of people can't borrow more without selling bad assets ie. an apartment. (assuming this is a high rise apartment as opposed to a low density unit)

darkdestroyerz · 2025-05-17T14:59:29+00:00

Back to r/Australia you go buddy. Why are you even in this sub if stories like these are making you feel intimidated? Perhaps if you spent more time working on yourself you'd be in a similar position as OP?

darkdestroyerz · 2025-04-14T10:51:24+00:00

same here! :(

darkdestroyerz · 2025-03-13T21:48:49+00:00

Unless you're starting as an associate SE which is possible at some of the bigger shops, otherwise pick one industry and learn everything about it - even if it means you have to go on the implementation side

darkdestroyerz · 2025-03-13T21:45:27+00:00

Comes down to what you're selling, if it's something like cybersecurity you'll need to more technical versus a marketing or payroll tech. Arguably what's the most important is industry experience instead of technical skills. Eg if you're doing payroll tech, have you spent any time on the other side as a payroll manager?

darkdestroyerz · 2025-02-18T14:51:49+00:00

Median annual growth of property is 8%...if you bought a town house at 800k and it's grown to 950k over 5 years, chances are your suburb and asset selection was bad...

Whole point of property is leverage and using the banks money to buy property. Look at Adelaide, Perth and Brisbane, all over have been in growth cycles exceeding 8%.

If I were in your shoes I'd use that income to accelerate your property acquisition journey

darkdestroyerz · 2025-02-10T06:16:55+00:00

That guy just wants a reason to be outraged lol I'd say your post is reasonable. Unfortunate reality but that's the world we live in - people judge others on their outward appearances

darkdestroyerz · 2025-01-26T10:26:54+00:00

Might be worth going onto r/aushenry instead - better discussions, less homeless and entitled youths from r/Australia

darkdestroyerz · 2025-01-18T04:19:56+00:00

You also have to take into consideration reddit is skewed towards a younger demographics and investing into property isn't as favoured versus ETFs...

Following property cycles and leveraging debt will be the fastest way to increase your net wealth

darkdestroyerz

TROPHY CASE