Following yesterdays post thought I’d follow up. I’m all in on property, but confident given current Aussie landscape.
Bought PPOR 5 years ago, 860k, now valued 1.4M. Adelaide. 2 income household, 200 and 120k gross.
Investment 1: 2 bed 2 bath apartment, paid $595, now valued $740k. Short term lease returns 60k/year after all costs. Hope island.
Investment 2: 2 bed 2 bath apartment. Contract cost 930k, but only 10% deposit down, settles late 2025. Chevron island. Can’t buy into the building now for less than 1.25M. Conservative value 1.15M.
About to make investment 3. 3 bed 2 bath, 1.4M. Again 10% down, settles late 2026. Riverside Brisbane central.
Debt:
1.07M P&I 6.1%
685k Interest only 7.2%
About to rejig to increase interest only by another 140k for investment 3 deposit.
Cash in offset: 120k.
AMA.
Bought PPOR 5 years ago, 860k, now valued 1.4M. Adelaide. 2 income household, 200 and 120k gross.
Investment 1: 2 bed 2 bath apartment, paid $595, now valued $740k. Short term lease returns 60k/year after all costs. Hope island.
Investment 2: 2 bed 2 bath apartment. Contract cost 930k, but only 10% deposit down, settles late 2025. Chevron island. Can’t buy into the building now for less than 1.25M. Conservative value 1.15M.
About to make investment 3. 3 bed 2 bath, 1.4M. Again 10% down, settles late 2026. Riverside Brisbane central.
Debt:
1.07M P&I 6.1%
685k Interest only 7.2%
About to rejig to increase interest only by another 140k for investment 3 deposit.
Cash in offset: 120k.
AMA.