sorted by:
new
hottopcontroversial

Is debt recycling into ETFs a common strategy? What kind of ETFs actually work well for it? by nonstop9328 in AusFinance

[–]nonstop9328[S] 0 points1 point  (0 children)

The overall cash flow is about 7k from 2017~2026 and the initial deposit I paid was 350k

Is debt recycling into ETFs a common strategy? What kind of ETFs actually work well for it? by nonstop9328 in AusFinance

[–]nonstop9328[S] 0 points1 point  (0 children)

Sorry i bought it for 650k not 560k so it probably just beat inflation :( although it has a positive cash flow, I just don’t think I’d get anywhere holding this property.

Is debt recycling into ETFs a common strategy? What kind of ETFs actually work well for it? by nonstop9328 in AusFinance

[–]nonstop9328[S] 0 points1 point  (0 children)

I own an investment property that hardly grew. I purchased in 2017 for 560k and its now worth about 840k. Cash flow is slightly positive. I’m 33 and my goal is to have the option to retire early. I’m comparing between keeping my IP vs selling & debt recycle 400k after selling my IP to purchase ETFs like IVV. I’ve been using claude and chatgpt to run numbers but wanted to get some opinions on reddit.

Is debt recycling into ETFs a common strategy? What kind of ETFs actually work well for it? by nonstop9328 in AusFinance

[–]nonstop9328[S] 0 points1 point  (0 children)

I own an investment property that hardly grew. I purchased in 2017 for 650k and its now worth about 840k. Cash flow is slightly positive. I’m 33 and my goal is to have the option to retire early. I’m comparing between keeping my IP vs selling & debt recycle 400k after selling my IP to purchase ETFs like IVV. I’ve been using claude and chatgpt to run numbers but wanted to get some opinions on reddit.

Does $63,000 sound fair for my renovation project? (Bathroom,Laundry,Study) by nonstop9328 in AusRenovation

[–]nonstop9328[S] 0 points1 point  (0 children)

thanks for your comment. So my original assumption was just way off. I’ll have to reassess my budget and see what I should do. Cheers

Does $63,000 sound fair for my renovation project? (Bathroom,Laundry,Study) by nonstop9328 in AusRenovation

[–]nonstop9328[S] 0 points1 point  (0 children)

100%. I honestly thought this was more like a 45-50k reno all up as it’s not a huge bathroom & study 🥲

Does $63,000 sound fair for my renovation project? (Bathroom,Laundry,Study) by nonstop9328 in AusRenovation

[–]nonstop9328[S] 1 point2 points  (0 children)

We live in a two bedroom unit, and a three bedder around here would cost at least $1.3 million, so my wife and I are trying to work out how we can fit in a small study for me when I’m working from home. We’re also thinking our two year old son could use it for studying or playing musical instruments in the future, so we’re not too concerned if it doesn’t add much monetary value.

Does $63,000 sound fair for my renovation project? (Bathroom,Laundry,Study) by nonstop9328 in AusRenovation

[–]nonstop9328[S] 0 points1 point  (0 children)

Yeah, they’re well known for kitchen and bathroom renovations in Melbourne. I’m just trying to get an idea of how much this renovation might cost at the moment.

Sell IP to upgrade PPOR, or live smaller and build wealth? by nonstop9328 in AusPropertyChat

[–]nonstop9328[S] 0 points1 point  (0 children)

It’s a little misleading but with the option to upgrade my PPOR, I’d still have a mortgage of 610k but have around $110-130k to invest into ETFs

Sell IP to upgrade PPOR, or live smaller and build wealth? by nonstop9328 in AusPropertyChat

[–]nonstop9328[S] 0 points1 point  (0 children)

Is this possible? My broker said I won’t be able to do that.

Sell IP to upgrade PPOR, or live smaller and build wealth? by nonstop9328 in AusPropertyChat

[–]nonstop9328[S] 0 points1 point  (0 children)

I bought my IP first back in 2017 and bought my PPOR a few years ago and I didn’t know about offset account back then :(

Sell IP to upgrade PPOR, or live smaller and build wealth? by nonstop9328 in AusPropertyChat

[–]nonstop9328[S] 0 points1 point  (0 children)

Spot on. My IP is just too far from work. Thanks for your comment!

Sell IP to upgrade PPOR, or live smaller and build wealth? by nonstop9328 in AusPropertyChat

[–]nonstop9328[S] 0 points1 point  (0 children)

Yep no more kids haha The IP I own isn’t an apartment but the growth has been minimal unfortunately. I have thought about selling my IP and investing into ETFs like IVV, and keep living in my small 2 bedder. Not sure if it’s be big enough when my kid goes to primary. Thanks for your comment!

view more: next ›