How To Retire FILTHY RICH In Australia | Real Estate Investing
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- Опубликовано: 10 дек 2024
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passive income from property
Australian property investing
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interest rate changes
cashflow positive properties Australia
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The concept of mini-retirement changed my life. I'm no longer waiting for some retirement paradise when I'm 65. It helps to know how to fund the lifestyle. You know, making money while you sip that piña colada by the beach does help. I wouldn't have been able to do it otherwise.
Not a lot of people are able to save that much in a lifetime. But now you are retired and depend on your investment, it’s best you redistribute your capital. To simplify the process, you could allocate your resources with the help of a financial advisor.
Many people underestimate the value of advisers until they experience burnout. After a challenging divorce a few summers ago, I sought out a highly qualified licensed advisor. Her guidance has been invaluable in keeping my company afloat and thriving, despite inflation.
how can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success??
“Carol Vivian Constable” is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I just googled her and I'm really impressed with her credentials; I reached out to her since l need all the assistance l can get. I just scheduled a caII.
As someone who actually has done this, it's not all rose gardens and fairy floss. Short term pain = 30 years of stressing to pay three mortgages and maintenance (2 investments + own home). Long term gain = three houses paid off but missed out on other opportunities ie. shares and super (self employed).
The end of the day it amounted to enforced saving which I would have never otherwise achieved.
You forgot to include expenses for maintenance, management fees, town council fees, rates for these rental properties AND capital gain tax when you sell them.
yeh but a lot of expenses (while you still need the cashflow to manage them) are a tax deduction and yeh you are right he should have applied CGT assumption at sale (although don't forget the CGT discount for assets held longer than 5 years).
@@davidrieger8816 CGT discount applies after 1 year not 5.
@@davidrieger8816 do agree with your points, however that would also mean reduced yields and increase potential risk of defaulting on repayments if mortgages or negative gearing are high.
@@mjmf1430 yeh that is always a risk, especially as maintenance costs are skyrocketing and if a buyer has bought a good cash flowing property it will be challenging in this current climate.
Depreciation also reduces original capital
purchase price there increases eventual CG. Need to also consider land tax
G'day mates! Retirement planning is on everyone's minds. I am keen to retire filthy rich right here in Australia
Well, one crucial step is working with a finance advisor like CHRIS RYAN STEWART. He’s a wizard at making your money work for you.
You can search his name ONLINE
@@Andres_853 Seriously? How can a finance advisor help in achieving a dream retirement?
CHRIS RYAN STEWART expertise in financial planning is next level. He tailors strategies that fit your goals, making sure you invest wisely and grow your wealth.
this is useful information i copied his name and pasted on my browser and it was his website that was top result and his qualifications are excellent thanks for sharing
Does anyone else have the feeling of not feeling as rich as their net worth? I have almost a net worth of 1 million dollars at age 33 and 5 years ago I thought it would be lifechanging. In reality it doesnt feel that I have anything and just feels meh since most of it is in property.
Fair point. When I was younger in 1990 ish I recall thinking a million bucks would set you up for life. Costs have risen so you basically have to reduce expenses.
Return on investment didn’t include interest on 900k
isn't it super is left below a certain level, the aged pension will kick in? And Investment property does not grow at a rate of 7% maybe max 3%.
I wish I have seen these videos 7 years ago, as I had 2 investment properties, I sold off to consolidate and changing my career. I would have been financially independent and can retire early. Very regretful.
Thank you for the useful information. Can you also upload a video review about which suburbs in Sydney have good properties? Thank you.
A $450k property does not grow at 7% p.a. Think about the holding fee (rates, maintenance, property management, land tax, insurance and so on). Don't forget the interest you have to pay. These costs won't be covered by rent even with good rental return. You are out of pocket year after year in spite of negative gearing but the property value may not grow as expected. Superannuation is less risky and less hassle.
Start 40 years ago when houses cost 25 K
Bro, you might wanna factor in a global recession and its effect. Europe is already in recession, china has slowed to deflation and America is deficit spending to kick the can down the road. AirBnB properties with poor uptake will soon see some of these properties come on line. As of 2020 there's 800,000 airbnb props. When mortgage stress convert to defaults, more properties will flood the market.
Thank you for your useful information. Highly appreciated. Definitely looking forward to seeing your future updates. 🎉
Thanks for watching! 🙏
I would do one property. $900k more capital growth than 2x $450k.
Probably savvy investors out there going to make the $900k into $1.2m in 3 years. $100k capital growth per year is best case scenario.
The $450k is not going to change much.
When I bought my first IP it was the era of 18% interest rate. Top margin rate was >60k. Therefore it was important to buy IP to reduce the gross income. Didn't have much super from work at 3% compulsory, and later self employed. Each year I contribute to max just to reduce gross income. Once the super gathered enough balance it has a life of its own. I am aiming to retire with the super paying out same as my net income each year. IPs are not in the super but positive geared now.
It was only at 18% for a very brief period.
Well that would be impossible to do considering I'm in my late 50s and I'm more interested in investments that could set me up for retirement in my 60s, my goal is at least $2million.
I think you need to slow down, keep it easy to grasp and keep short sentences. Also use some editing or graphics to explain no. It’s impossible for anyone to just hear complex calculation and understand without seeing them on screen
Charlie Bucket, how many properties did you buy? "Two." Only two? Not 200? I can't figure out your retirement on just two!
We have a couple of investment properties but we would be making more money if we just had the money sitting in a savings account, not to mention way fewer hassles. The government is making it harder and harder for IP owners to come out in front, especially if you’re no longer working and don’t have any of the tax advantages. So we’re currently in the process of selling them all as each becomes vacant.
In NZ they even removed tax deductibility. I don't think anyone can buy a property today and make any money. Interest rates at all time high, house prices all time high, no negative gearing, no interest deductibility, lots standards to comply with etc. A term deposit beats IP these days.
If you’re in Australia, and own the properties personally( outside a company or trust), you’re best to sell one per financial year to keep your CGT down
Good, because Property should NEVER be for speculation and investment...housing is a human need, not a wealth creation tool at the expense of those that come later and weren't born at the right time in history, and too late to the party because of greed and policies that benefit the few like politicians and baby boomers who were lucky enough to buy a home with 3 years wages, instead of 12 years wages now.
Liked and subscribed. Love your content
good luck finding 2 properties for $900,000 in australia
$450k wont even buy you a block of land were most people want to live.
You should check out our instagram page where I share the deals we secure. We pick up multiple houses weekly under $450k
And if you can't find it in your own backyard look in someone else's. That's was the best advice I got and bought a couple in Brisbane in 2008. I'm from Perth
Houses for $450,000 will be in slums or need massive work.
I’m in renovating homes so no boggy for me but for others they are way behind before they begin.
(What happens about getting a crap tenant that won’t pay ? Let me guess , landlord insurance… pffft another cost ….
Nah I won’t let the government corps screw me
share it on youtube /do a whole show on it .@@PersonalFinancewithRaviSharma
@@PersonalFinancewithRaviSharma i will have a look
What if you buy the two properties with cash? Asking for a friend.
Retired at 44.
Getting started 45😂
Poor advice, relying on capitol growth is just "Real Estate speculation" its a wealth building plan for low income earners who day dream of riches!
the average growth of properties is 5.6% in Australia. Why use 7% as growth?
🤔🤔
What if your assets are in a trust?
Haha love the comment about having 4 weeks a year to have a holiday
Hi Ravi I m still renting I m 36 years old now what should I do ? Should I buy home or unit to live in or should I buy investment property first ? I. M from melbourne? Plz help us I m married with two kids
rent
great video Ravi, compound interest in the key to wealth. 2 things I dont agree with. 7% growth each year, dont think so. Rarely see it. Also, the 3.4 mill you said, what about the tax? This would be enormous. Still great outcome but the facts here need to be checked
How do you build capital for the investments if you are 20 ? and still a student
Haha, love the amount of 120k annual salary!!!!😂😂😂
Thanks Ravi! My dream is to have 2 investment property & a home to live in, I think this is reasonable for an average earner
Absolutely it is
100% :)
🎉happy birthday Ravi Sharma..
thank you for such an amazing video 😊
Thank you! :)
Is it ethical to invest in property with the house crisis? I dont want to be part of the problem, to be honest. Its a pity to see families moving because their rent increased so much. Yoi could show us otjer ways to invest and build wealth without adding more stress to our community
If you invest in a property, you provide another rental property for someone to rent. Just another perspective to consider 🙏
Assuming the pension still exists when the viewers retire...
Trueeee! I have significant doubts around what this even looks like in 20 years.
Solid advice. 34 years old and I’m currently sitting on 3 properties with 1 fully paid off (the rental income on that covers the interest on my mortgage)
Plan is to have 4 properties all paid off by retirement (hopefully 60) and live on the income.
👏🏻
Congratulations🎉
when you say paid off it sounds like it is only income neutral or slightly positive geared, not fully paid off. Please clarify.
@@Woodland26 fully paid off = zero mortgage/nothing owing.
So right but im confused
People are poor because they are like the 90+% of the people out there. Rich people accumulate assets. Simple as that. Also most people don't know how to differentiate an asset from a liability
Very true. People think and do poor things. lazy minds, looking for shortcuts, learn everything from a 10min youtube clip. No replacement for hard work, educating on useful information (NOT a uni degree!!), respect for experience.
Where we can buy property in 450 thousand in Melbourne
Didn't we used to retire with no investment properties back in the day? If someone could please educate me on how it was done back in the day I'd love to listen .. thank you 🙏
We had decent government pensions then. Now we’re on our own
@@tylerdurden5122 people used to die after 70 years old - was a ripe old age.
It wasn't simpler but a house price to avg annual wage ratio might have been 3:1
The ratio was about 5:1 in 1987. House approx $250k avg wage $50k.
The ratio today in sydney is avg wage assume $80k avg house $2.5M ratio is above 30:1
Australia has cheaper real estate than India.
The cost of a square km of land in adelaide is half the price of Bangalore city center.
Australia is more affordable.
Happy Birthday!
Thank you!!
Great video! Could you please share the calculator website used?
Money smart compound calculator google it
Good insight indeed
I heard this from an old Indian guy twenty years ago
Super interesting video! Thanks for making!
This e.g. is misleading. You haven't factored in holding costs of the properties. The reality is that property is going to be very negatively geared particularly with a high LVR, low yields and high interest rates. You would need excess cash to fund the properties plus live. 7% p.a. average capital gains is not realistic either.
I love the grounded reality of this channel!!! Retirement took a toll on my finances, but with my involvement in the digital market, $35,000 weekly returns has been life changing. AWESOME GOD❤️
I'm in a similar situation where should I look to increase income? Do you have any advice? What did you do? Thank you
Sounds familiar, I have heard her names on several occasions.. And both her success stories on wall street journey!
Good job Ravi. Great encouragement and keeping it real. Not sure about the last numbers as I believe CGT will need to be taken into account, which would effect the final balance invested into cash. But still definitely worth doing.
warren buffett has one house!
I am sorry but if you get to 91 you will not be spending the same amount you spent at 65, at 91 with owning your home you can down size and with the pension you will be fine, the days of cheap real estate are over.
Pension ??? how will you pay bills and repairs to car/insurances/fun?
Unless we are healthy and in good shape.. So we can enjoy that money😊 ..🎉🎉
200K deposit and properties priced at $450 K each. Which universe are we talking about ?
Depends if you’ve watched dark matter on Apple TV
Let’s go…… chers Ravi
Good luck finding a 450k property that doesn't require a mountain of maintenance.
It’s possible and we do it every week. It’s getting harder though!
Thanks Ravi , we are learning a l ot from your videos, keep it up :)
Great Advice
Property investment in Australia is becoming more risky by the day. The housing ponzi system can't continue forever.
Sorry mate.. only in dreamland
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you cielo scotti.
The interest rates are killer now for people that own a investment property. People are thinking twice about them now.
nonsense. If you were silly enough to borrow huge amount at lowest int rate in history of the planet then your problem resides with you.
No punchline or lesson?
RAVI FOR RBA Governor 🎉❤
Your a legend!! Keep up the good work😊
hahah thank you! Don't think I'd be great at that job
You are talking s fast that I can’t understand the point
Really dreat.
Spent half the video talking about what ifs not investment properties. Blah blah
Hi havi how do i contact you via email
?