37 - fully offset my apartment, now what?

[loo]

@parade_de_satie Fair point.

 

[098nick098]

@loo What did you purchase the apartment for and what’s it worth now?

 

[loo]

@098nick098 I doubt it’s gained much. I might ask a few agents to appraise it though I question their neutrality.

 

[098nick098]

@loo Why’s that? Is it a high density apartment?

 

[loo]

@098nick098 No, it’s just that agents have a tendency to overquote to entice you to begin the sale process with them. At the 11th hour they ‘temper’ your expectations.

 

[hselim]

@loo Option B for the win. It's a no brainer compared to the other options because the other options contain way too much risk, they are not worth it. Option C, apartments have stuff all capital growth because they lack land content. Option A, ETFs are too risky and overpriced in a bubble market. You could lose 30% in one month like in March 2020 or lose 60% over a longer period like the GFC with ETFs. Option B would never hurt you like the other options could.

 

[redfox22]

@loo Super would be a sensible focus, particularly any catchup you have.

 

[mercyme55]

@loo Has the block got any common property.
If the block is well located you may find in years to come ( when they change from 100% to 75% for Owners Corporation voting) that there is considerable appreciation on the land.
The older style apartment blocks with common property will be very lucrative as against apartments built using the entire block

 

[loo]

@mercyme55 It does have common property. What do you mean 100% to 75% OC voting?

 

[mercyme55]

@loo Atm let’s say a developer came and offered a significant amount overs to buy the whole block.
You need unanimous resolution
However the law will change to provide you only need 75% majority as in NSW.
That common property is valuable and the more the merrier

 

[loo]

@mercyme55 Interesting…Is the change in law a given?