You'll be right.
Buy some cash flow props to offset the neg geared growth props
Yous earn an awful lot of money to be hand wringing
I'm just a little worried about buying more this year because of the sinking dollar against USD and constant news of layoffs in fortune 100 companies, albeit I think I'm safe for now.
Is that something we missed? You are subject to exchange rate fluctuations & the US economy? Is it still viable to be buying there with the weaker AUD?
What would you suggest waiting for? There are opportunities in lots of locations outside of a hot Sydney market
Agree 100%If you are concerned about the economy and potential housinig market/rental issues, increasing your cash buffer would be one good step.
300k income and only 60k savings, review your expenditure as that seems very disproportionate
we only started out 5 years ago when we were 26, 27. We weren't earning as much back then. It was very difficult to save for the original 20% down payment and still have a little saving left for decorating. My husband also thought it would be fun to quit his job and sit at home for a full year. Also for all the IPs we bought through a mix of equity and cash down payments and borrowed 80% - 90%.