My aim is to buy an investment soon, 350k ish. Then use to to buy my own home to live in, in around 5 years. I am happy to rent in the mean time due to work.

Yes, sorry I did mean an offset account. If I can withdraw from it, I can add around 35k a year.extra till its positive geared.

I plan to use 95% or 100% of my tax return (only put some into my buffer account if need be) each year will go onto the loan. I have around 3-4 years of solid work (6-7 days) worth coming up so I want to make the most of this while I am young and have the high income. hoping to be able to save around 40k a year, or pay 40 off the house.I am…[Read more]

Thank you for the helpful post

I will be having a 10k buffer savings for spikes,sickness,repairs etc.
I currently save 1200 a week and still above my needs so 200 a week out of pocket for negative gearing is no worrie.
Should I aim to make extra repayments to get to a pos geared loan as soon as I can?

I came here with the idea of neg gearing, but its not the only path I want. You members have explained better eays. So im not that worried about my tax. My only goal is long term wealth, if tax cuts came into play that would be great. But clearly this is not the case, which is why im here asking for advices on other paths

I work full time also.

I run my own business also. So doing all my tax is very hard.
Is there any good video books to watch?

This is the advice im after,

Im here to find out what is good for me.. But no one seems to tell me what is

I have very little savings for a deposit, so my first has to be a negative gear set up, I plan to buy my 2nd with a positive gear.Unless anyone has any other idea's? I dont think I can avoid the negative gearing on the first one, Which doesn't bother me cause I will be making extra repayments and my tax return will be reinvested, either into the…[Read more]

Those are the 2 perfect types of answers I came onto this site for, Thank you.Portfolio PI , Feel free to pm me some more info

Want to be able to semi retire at 40, so in 15 years. I work 7 days a week now, trying to build my wealth for later in life. Working isnt life

Thank you for your post. Long term wealth is my goal. Tax reduction would be nice, but if that means less profits. Its not worth it. I am not solely focused on the tax side of it

Im unsure that is why im here to ask.

Not keen to buy o.s

Thanks for the advice, im reading as much as I can. Thats why I joined for advice.
I would like something in melb, as its where I live, first place I would like to be able to see often. Next ill go where the money is. I want my first local just in case anything happens in life I have a place to live

Friends returns from those actions, im here for advice, im not saying mine is true,fact etc. you guys know muxh more then
I do.

If you were in my shoes, 2100 a week before tax. Able to use around $60k from my mothers house for a desposit, which I need to return in 12 to 18 months. Put away $1000 a week after bills. Im 24 and moved back home to…[Read more]

Hoping for a cheap start, and good returns in 10 to 15 years.

With my current house and savings, I only have around 70k

I would like to buy in a new, up coming estate. Im here for all open advice in which path I go down.