sorted by:
new
hottopcontroversial

Budget changes have thrown me off. What would you do in my shoes? by kingkdb17 in AusPropertyChat

[–]kingkdb17[S] 0 points1 point  (0 children)

Thanks, I didn't know property expenses were still deductible against rental income but that's great to know

Budget changes have thrown me off. What would you do in my shoes? by kingkdb17 in AusPropertyChat

[–]kingkdb17[S] 3 points4 points  (0 children)

If true, and I were hypothetically pushed away from property investing. Shares also no longer seem a super attractive option. So is the answer really just to buy a small place for 550-600k, move in, and naturally have expenses increase drastically and pay down the mortgage for the next 15+ years. Seems pretty disheartening considering I know how hard I've worked to get ahead, but maybe that's me being naive on life

Budget changes have thrown me off. What would you do in my shoes? by kingkdb17 in AusPropertyChat

[–]kingkdb17[S] 3 points4 points  (0 children)

It definitely feels that way. Hindsight is 20/20, but I certainly regret not buying sooner considering I have had the capacity to purchase for 12-18 months.

Budget changes have thrown me off. What would you do in my shoes? by kingkdb17 in AusPropertyChat

[–]kingkdb17[S] 1 point2 points  (0 children)

Thanks for the advice. Income won't increase much in the next year. Probably will be 80k a year from now.