Starting with no assets and assuming you were a passive investor and diversified your portfolio i.e. 2-3% growth above inflation, most Australian literature will tell you can replace an average income in 15-20 years using a buy & hold strategy.
In theory you can accumulate between $2-2.5MN of equity which should return 4-5% rent equating to $75k in today's dollars. (which is the current Australian average income)
My question is: have you done this quicker than 15-20 years and if so how did you go about this?
In theory you can accumulate between $2-2.5MN of equity which should return 4-5% rent equating to $75k in today's dollars. (which is the current Australian average income)
My question is: have you done this quicker than 15-20 years and if so how did you go about this?
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