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Hi Again
Well at this stage I’m 31 and my husband is 36 and we have no dependants. We have a little invested in shares (AMP of course[
]) and we owe about a third of our original mortgage as well as personal super and employer paid super. We have just bought an investment property or in the process. My husband works full time and I work part time while trying to finish my degree externally. So that’s where we are.Now – where do we want to be…..we want to put away now for our retirement. We would like to have control of our lives in retirement ie funds to do the things we want to as well as the time to do it. We aren’t necessarily interested in becoming zillionaires although nobody in their right mind would turn down that offer..we would like to retire earlier than the norm. I guess at this stage that is really the primary goal – to retire early with the funds to enjoy it.
As I said before – the banks have said on top of the property we own/occupy and this new investment property, that we could prolly stretch to buy another 2 properties if we choose to. Because this is all new to us and getting into debt is something we have tried to avoid most of our marraige…its a bit daunting to think about rising our level of debt significantly. Having said this however I am aware that you must spend money in order to make it etc but just how far do we stretch?
What we don’t really know now is if we should just sit on the one investment property for a period of time and then add to our portfolio – or do we take the plunge and do it now – and what are the hazards or pitfalls – or even benefits of either move?
Regards
SharonIt’s also worth looking around Caboolture, Deception Bay, Beachmere, Bellmere, Redcliffe etc. These areas are just now beginning to grow – Brisbane is stretching out again and anywhere within 50 min of Brisbane CBD and bayside is likely to bring in sound returns. If you look at how the gold coast has connected to brisbane over the past 15 years – you can see how it will happen northside of Brisbane over the next 10. Caboolture Shire has experienced a growth rate of around 20% per annum for the past 4 years and is expected to outstrip the national growth average over the next 3 years (report from Caboolture Shire Council). Beachmere and Bellmere also placed in the top 50 areas in Australia last year for property growth..
Something to chew on anyways []These figures might not be ‘exact’ as I can’t find the folder I was reading it from…but it is certainly within the vicinity of the figures I have quoted..
Regards
Sharon
]) and we owe about a third of our original mortgage as well as personal super and employer paid super. We have just bought an investment property or in the process. My husband works full time and I work part time while trying to finish my degree externally. So that’s where we are.
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