Born 1960
1980 Purchase first PPOR, ($21000) age 19 (need a partner)
1981 get married, do home improvements over next six years.
Husband starts business, first baby, close down business.
1988 Sell PPOR $47000, fully paid off Build 2nd PPOR for $100K all up. Second baby
1989 Husband loses job, Interest rates go UP
1989 DS1 diagnosed with Autism, figure I'll never hold down a job.
1996/7 Do TAfe diploma, start casual work.
2004 (?) buy block of land $20,ooo
2006 sell block for $80,ooo, pay off PPOR which had been re-mortgaged to buy a good car or two. PPOR now worth $450K
2009 buy some shares. Bank shares go up, others go down. Get made Permanent at job.
2010 Buy IP 1 and IP 2.
2011, all three properties decrease in value approx. 20%. Blame the floods and ALP.
2012, been researching Gladstone. Think it has dropped a lot so ignore advice on Somersoft and buy IP3. DS 1 gets Degree from QUT.
2013 IP 3 drops about 7% in value and loses $180 a week in rent.
Hide in shame
USA economic cliff - Sell bank shares to fund trip to Europe. Drink a lot more.
Later 2013, IPs in Brisbane return to 2010 values and
get a new tenant to take over break lease in Gladstone immediately.
In same week in October all three tenants gave notice to vacate, drink even more.