All Topics / Help Needed! / Help needed how to invest 300k Windfall

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  • Profile photo of Kazek87Kazek87
    Participant
    @kazek87
    Join Date: 2017
    Post Count: 3

    Hi Everyone,

    I am 29, live in Adelaide and have just had a recent windfall of about $300k. I have no debt and live with family at the moment as I am looking to move to the country, I also have an income of around $85k/year until feb next year when my contract ends. I am torn as to whether to invest in shares or property. With the market the way it is and prices still reasonably affordable in Adelaide I am thinking property. Could someone please help me out with some advice or point me in the right direction for me to learn more. At this point I am thinking of using 200k as a deposit for an investment house (cottage) in the cud and perhaps 100k as a deposit for an apartment?

    Complete newbie in this space so advice is really appreciated.

    Kane

    Profile photo of Tony FlemingTony Fleming
    Participant
    @the-dark-knight
    Join Date: 2008
    Post Count: 396

    Welcome to the forum Kane.

    I’d talk to a broker to work out how much you can borrow as the contract ending will more than likely be an issue. If financing isn;t an issue I’d pay 20% deposits and park the remainder in offset accounts.

    I’m currently investing in Adelaide and there are plenty of bargains out there. I’d try an read up on a few strategies and see what you think will fit your future plans.

    Happy to chat if you need and help.

    Tony Fleming | Triumphant Property Group
    http://www.triumphantpropertygroup.com.au
    Email Me

    NSW Buyer's Agent specialising in Western Sydney-Blue Mountains-Orange-Albury

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    Consider buying a main residence borrowing 80% and then pay it Down asap while recycling debt by paying the loan off and redrawing to invest. Structure the loan splits to maximise flexibility in doing this.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    https://terryw.com.au/
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://Terryw.com.au/

Viewing 3 posts - 1 through 3 (of 3 total)

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