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Guys i would highlight one point here. Yes with residential property, you do generally have a pretty poor income return, but it comes with the territory. Low risk, low return (and ungeared residential property IS VERY LOW RISK, again this is a sweeping statement, there will be a exceptions...

Yes i would say you are generally correct. If you want a true 'set and forget' approach to passive income i think the return would probably be something closer to 5%. But there is passive income and then there is passive income. With a bit of work (but then this is not truely passive) on...

Your right i dont need it, not at this point anyway. But what about the future? what about if future family is factored into the equation? who knows? Why pick this type of target? why pick any target, my target is 10 times average australian income. My thoughts being at 10 times average...

$5million net assets, or $500k a year of passive income. Still progressing towards this target. But i really dont know what i will do when i get there. I dont really care about stuff (trinkets, toys, whatever you want to call it). I guess i set this target when i was younger (the bar...