Hi Jason,
At this stage we're planning on just going into a few years of debt reduction and enjoying the fruits of our labour. No more delayed gratification.
We've set the framework up for our retirement now. We have sufficient assets behind us with sufficient equity that the cash flow is positive and will only improve over time. I'm going to transition from a portfolio growth strategy to a cash flow release or portfolio maturity strategy.
We'll build our new home in Brisbane of course, but then that might be it. We'll have our PPOR and get it paid off within 5 years. We'll also then have the three premium units in Sydney that are worth $2.7M today growing at 3% pa and cash flow positive. That should fund our retirement in 10-20 years time. I might even accelerate that if I sell down and move my equity to more cash flow friendly instruments.
But for now we're going to go into consolidation mode. Let the dust settle, refinance, pay down some debt, live a little.
Cheers,
Michael