Nope! But she plans to do her PhD on Altzeimer's so hopefully that topic is regarded as a good one for post-doctoral funding.
I believe that it is a growth industry with our aging population. I also hear that it is an area where there is a lot that is unknown.
I hope she does suceed.
When I lived OS Australia was famous for it's sporting stars and TV programs like Neighbours, Home and Away etc. Be nice if we were famous for research, science and other things as well.
Put it this way, Carol, if you don't find a way to use that money, I'm sure your kids will. Does it make sense for you to work hard in making it and your kids get to spend it? Or maybe I'm just selfish.
You're definitely selfish
Carol is a fine example of good parenting
This is a great thread. We're in the same process atm.
Our plan is buy a duplex, shares with our daughter. At the end of the day strata title it and she gets to do what she wants with her half. She can aford the payments with rent added. At present she lives in a unit under our PPOR. Her plan is to pay down ASAP and move in when she can and then use her equity to finance the next property.
At the end of the day we also have ownership of a half duplex.
Anyone care to comment on drawbacks of this plan.
Same .. too much maintenance and payments out of reach on single income.This is a start for her, she has her 20% cash deposit. I looked around for 12 months for a house for 250K for her to buy before we went down this road.
If we do not strata units daughter may not get FHOG - cost of strata about 8K but once strata'd you pay 2 lots of rates instead of one.
The trouble is she is about to start a PhD, which will earn her just $25000 tax-free. That's not very much to service a $400,000 - $500,000 house mortgage!