Hi There
Long time lurker here and thanks in advance for any advice)
So here is my situation
39
No dependants. Partner is also on top tax bracket
IPs: 385 K ( sydney ) , 400K Brisbane . IO 90% LVR on both
PPOR : Looking
Income: > 450K , I currently save nett 150 to 200K a year last 3 years
Liquid assets : 600K cash mainly in offset for IP loans
Super: approx 150K
Shares : approx 150 K mainly Australian equities
I pay a lot of tax > 200K
Would appreciate any ideas/suugestions:
- My dream is to achieve 3M nett assets ( preferably outside super) in the next 5 yrs- so I have option to take a long sabbatical and do something different if I wish to
- income is pretty secure so happy to be a little aggressive
- also shopping for ppor but wondering if better to just rent a lux pad ( 800 to 1000 pwk ) and invest the rest or but a 1.5 to 2M property . I can be a pretty disciplined saver and generally not overly emotionally invested in the place I live.
- currently living in parental sponsored digs but its time to move on...
Thanks so very much for your suggestions PM me if you like !
Long time lurker here and thanks in advance for any advice)
So here is my situation
39
No dependants. Partner is also on top tax bracket
IPs: 385 K ( sydney ) , 400K Brisbane . IO 90% LVR on both
PPOR : Looking
Income: > 450K , I currently save nett 150 to 200K a year last 3 years
Liquid assets : 600K cash mainly in offset for IP loans
Super: approx 150K
Shares : approx 150 K mainly Australian equities
I pay a lot of tax > 200K
Would appreciate any ideas/suugestions:
- My dream is to achieve 3M nett assets ( preferably outside super) in the next 5 yrs- so I have option to take a long sabbatical and do something different if I wish to
- income is pretty secure so happy to be a little aggressive
- also shopping for ppor but wondering if better to just rent a lux pad ( 800 to 1000 pwk ) and invest the rest or but a 1.5 to 2M property . I can be a pretty disciplined saver and generally not overly emotionally invested in the place I live.
- currently living in parental sponsored digs but its time to move on...
Thanks so very much for your suggestions PM me if you like !