澳洲Australia property Invest to own your perfect home/s? | Sydn


在澳大利亚 The pool at of an IP needs to be resurfaced (or so the pool doctor says), the cost was estimated to be $10K ($10,000), after recoverying from my impresssion of a cat coughing up a fur ball, it just seems far too much. Its just a standard poo I need some advice regarding a property purchase. Property - semi-detached house Bedrooms - 2 Condition - average needs internal reno to modernise Street - one of the best in suburb Location - excellent Close to schools - yes Transport - 50m


I think it's fair to say a very, very large percentage of people invest to make money.

What I have never heard of is where someone has invested to eventually own their dreams home/s - directly as opposed to indirectly. Obviously this goal may go against the traditional investment goal of making money, in that those dream properties may not be cf+ or cg+ or easily rentable or whatever, and therefore may not be the perfect "investment".

For me, it would be a beachfront property, an inner city property, a large scenic mountain surrounded property on 100+ acres, and a block of land full of sheds for my cars - yes, all four :D

Any thoughts on this?  

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If you can work out a plan that would achieve what you want to achieve , why not ?  

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I agree with Jaycee - if that's what you want to achieve then set out to do it. You don't have to subscribe to whatever the 'norm' might be.

I suspect there's a few investors out there who have purchased "investments" in locations that they'd like to live in at some point. I know I keep an eye on the Northern Beaches property market ;)

Cheers

Jamie  

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I invest to make money. Money provides access to a lot of options, including the ones you describe. What I will do with my money I won't know until I make it. It's all a hypothetical point until I have the money.

The more money I make and the earlier I make it, the sooner I can have access to such a lifestyle if I desired it. That means the better I am as an investor, the sooner I would get to where I want to go personally. It would be likely to be a different place by the time I get there anyway.

So I guess there is a good reason why the focus is on making money - it gives you options to do whatever you may want, including purchasing the lifestyle you refer to. Choosing poor investments just because they look like the end game you want is only likely to inhibit your investing and put that lifestyle further away rather than closer.

Concentrate on making the money first through investing well - and then choose what to do with it once you have made it would be my advice.  

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Dreams

THis is something I have done. It turned into a good decision in some ways. I bought a block of land in Broome for myself and an investment unit for my father. Due to difficulty getting a builder for the small home I wanted up there and my fathers death, both were sold at a profit.

I retained an IP up there and it remains to be seen whether this will be a good investment decision. This IP was outside my original plan. Its not currently something I can use for both financial and health reasons.

To me every property I have owned has been something I would live in if I wanted to, and has also been in an area where I saw CG potential.

So for me its not either or........I currently live in one that is a great investment and a nice home.

V  

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