Reading Time: 4 Minutes Welcome back folks! Are you ready for part 2 of the case study? In which we answer a question MrsFrugalSamurai sent me: “Have $AU 1.1m to invest (recent inheritance) + $150k savings Current situation: Late 20’s income $100k, partner earns $100k No kids, no assets, no debt Aim is to be a homeowner and financially independent at some stage. How would others split it between: PPOR (principal place of residence, i.e. primary residence) buy outright or deposit + mortgage Investment property Low cost index/ETF/Super Others?” If you missed part 1, or want a refresher – don’t fret, have a quick read of it here. Actually… you…
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How Does Sentiment Affect Real Estate Prices?
Reading Time: 3 Minutes ARGH!!! “Shakes head vigorously” Brrr, bloody real estate. Really doing my head in. You see guys, I’ve got too much choice available at the moment. After our latest hunting trip back from the West Coast, I’ve drawn up about a dozen or so properties which I aim to make offers on. Mind you, not to acquire a dozen, I reckon one, hopefully two max. The problem at the moment is that with choice, I don’t really know where to begin. It doesn’t help that the bargain hunter in me is wanting to low ball the Baby Jeebers out of any deal… In fact, I’ve already blown…
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I’m Still Here!
Reading Time: 2 Minutes So I thought it best to shoot out a quick post just to let everyone know that yes, I am still alive and no, I have not forgotten about you. It’s just been TOO much this past week. I wrote last time (read here) that I had embarked on a whirlwind property scouting weekend a few days ago… And what a few days since! You see, I had shortlisted and viewed a couple of dozen or so properties in those two days, and now it’s time to get stuck into due diligence. So please excuse me as I’ve been trying to cull this one here and…
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What’s Got Me So Pumped?!!!
Reading Time: 2 Minutes Hey guys! What’s going on!!! Excuse me for sounding EXCITED. But I’m going shopping on the weekend. Not for my usual Sunday grocery shop mind you… No, for PROPERTY. Love it, love it, love it. Will be catching the red-eye once again and hopping over to some remote corner of our nation to hopefully snag a bargain or three. In fact, it’s what kept me going these past couple of TOUGH weeks (wowee were they tough alright) – knowing that I’m again re-focused and re-energized on my financial goal… ain’t it AMAZING? I must admit that in recent months I have been a bit distracted and…
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What’s Ayers Rock Got To Do With Getting a Mortgage?
Reading Time: 3 Minutes “Idō shite kudasai” I looked back… a smirking Japanese boy of 8 looks up at me. Hesitantly, I snake around the chain link fence and let him move past. This is it, I say to myself… if a kid can do it, I can bloody well do it. ~~~ OK so you might be thinking, what is he on about? Well, MrsFrugalSamurai and I spent the last few days in the Australian Outback… or more specifically, in the dead centre of our great country, where we visited the famous Uluru, or Ayers Rock. It was quite an incredible experience and I can totally see why many…
