Yup both Les and I are retired now. Well retired as in we don't have a paid job.
I have started an ornamental fish breeding business which one of these decades I might be successful with lol. If I can stop losing the breeders I will be fine but I picked some pretty tricky fish in the south american L catfish.
We own our own home in Lowood on an acre of land with both front and rear road frontage. Only half renovated since there isn't a whole lot of capital growth to be had in getting it revalued for any loc increase. When the boom gets going again we'll get busy with it.
We also own our beach front house at Burrum Heads. Well nature strip then beach front actually. We don't want rising tides wetting the downstairs areas.
Its been split into upstairs with kitchen etc and downstairs the same, except you don't get the balcony in the bottom.
One day maybe I might move my fishes up there and actually move in but atm I am happy where I am, close to Brisbane airport for flying fish all over Australia.
We sold all of the other rental houses. They had achieved excellent capital growth and I couldn't really vision with current world downturns, a recovery all that fast. We took the profits by selling a couple every year so as not to attract too much capital gains tax. Just sold the last one this year.
They were nothing flash in houses, and required quite high maintenance which sort of ate most if not all of our rental returns. When you don't have wages coming in you have to be careful of that.
We have invested in the stock market which is stagnated atm but we are in an excellent position to do very well once it stops fiddling about and gets going again.
We've pulled our heads in a bit with personal spending as the stockmarket dividends are also down and we don't want to go eating into capital if possible.
Will we reinvest in housing again when we think the time is right? You betcha! Just said to Les yesterday I miss the thrill of the chase and the achievement of buying well.
