I can borrow $1M to buy investment(s) anywhere in Australia.
I'm mid 30s and single. Salary is $160K and have about $5k per month to contribute investments. I have 1 IP in Sydney worth $600k. costs $2k pa to hold. - Cash (in offset account) =$200k. - I also have $500k in shares.
I?m currently renting and don?t intend to buy a PPOR. (It doesn't make sense because I'm on long term contract and my rent is subsidised)
It seems that our capital cities are currently highly priced with lower population growth and more supply coming onto the market. Brisbane is hot, but yields are dropping and unemployment is high. Also, population growth is slowing and there are a lot of new developments in the pipeline.
Not sure about the regions since CG is limited.
I know people here can't give investment advice, but I'm interested to hear opinions and ideas. I'm still very new to property investing.
Goal is to earn a passive income of $80k after tax by age 45. (This may or may not happen, but it's what I'm aiming for).
I'm mid 30s and single. Salary is $160K and have about $5k per month to contribute investments. I have 1 IP in Sydney worth $600k. costs $2k pa to hold. - Cash (in offset account) =$200k. - I also have $500k in shares.
I?m currently renting and don?t intend to buy a PPOR. (It doesn't make sense because I'm on long term contract and my rent is subsidised)
It seems that our capital cities are currently highly priced with lower population growth and more supply coming onto the market. Brisbane is hot, but yields are dropping and unemployment is high. Also, population growth is slowing and there are a lot of new developments in the pipeline.
Not sure about the regions since CG is limited.
I know people here can't give investment advice, but I'm interested to hear opinions and ideas. I'm still very new to property investing.
Goal is to earn a passive income of $80k after tax by age 45. (This may or may not happen, but it's what I'm aiming for).
Last edited: