Hi Guys,
I'm new here. I'm an aussie expat living in Vietnam. I own 3 properties outright (in oz) - one house (my sister lives in it - no rent but no costs - it's fine with me) and 2 blocks of land. One block Is worth 80k the other is worth 100k.
I'm thinking of selling the 100k block and converting it to 50k blue-chip shares and 30k cash. I'm looking at it as a 10 year plan.
The reasoning behind this idea is this;
- I'm not earning a salary in oz so CGT will be minimised (I bought the block for 30k!)
- the block costs me 1000 a year inrates
- I don't think that shares will be a bad 10 year investment if bought at the moment
- I recently got married and having a 30k safety net would be nice.
- I will stil have a block of land and a house to use for line of credit when I come back home in a few years
anyway..what do you guys think? Good idea, dumb idea? I'd love to get some feedback on this.
Hope you're having a nice day.
H.
I'm new here. I'm an aussie expat living in Vietnam. I own 3 properties outright (in oz) - one house (my sister lives in it - no rent but no costs - it's fine with me) and 2 blocks of land. One block Is worth 80k the other is worth 100k.
I'm thinking of selling the 100k block and converting it to 50k blue-chip shares and 30k cash. I'm looking at it as a 10 year plan.
The reasoning behind this idea is this;
- I'm not earning a salary in oz so CGT will be minimised (I bought the block for 30k!)
- the block costs me 1000 a year inrates
- I don't think that shares will be a bad 10 year investment if bought at the moment
- I recently got married and having a 30k safety net would be nice.
- I will stil have a block of land and a house to use for line of credit when I come back home in a few years
anyway..what do you guys think? Good idea, dumb idea? I'd love to get some feedback on this.
Hope you're having a nice day.
H.
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