500,000
Oct 27th 2004, 7:41 am
#46
Guest
Posts: n/a
Re: 500,000
Originally Posted by jad n rich
Its not just you, expensive houses are not just in Sydney, around here Noosa you could easily spend 4 times that on just one house.
Grayling, you probably need to get some investment advice, please dont go to a bank or investment company for their 'free' advice they will only advise what is best for them, dig out a really good accountant, then see another one to check the advice is correct.
Grayling, you probably need to get some investment advice, please dont go to a bank or investment company for their 'free' advice they will only advise what is best for them, dig out a really good accountant, then see another one to check the advice is correct.
around $700K or $800k so its not all that much, however if he is unsure what to do with his money he can always donate it to help protect a very cute endangered Australian species, the Wombat, just make a cheque out to a
Mr. Wombat42
Oct 27th 2004, 10:06 am
#47
Joined: Feb 2004
Posts: 1,277
Re: 500,000
Originally Posted by wombat42
l would buy Tasmania.
Unless you want to live in Sydney or Melbourne you can buy a reasonably good house for 300K, and maybe invest the other 200K in shares or a high interest fixed term bank account.
You can rent a good house in OZ for 15k per year, put all the 500k in a high interest bank account earning 6% interest, which will give you an income of
30K per year, use 15k of this to pay the rent and you still have 15k per year left which would atleast pay all your bills each year eg. water, electricity bills,
car registartion etc.
Unless you want to live in Sydney or Melbourne you can buy a reasonably good house for 300K, and maybe invest the other 200K in shares or a high interest fixed term bank account.
You can rent a good house in OZ for 15k per year, put all the 500k in a high interest bank account earning 6% interest, which will give you an income of
30K per year, use 15k of this to pay the rent and you still have 15k per year left which would atleast pay all your bills each year eg. water, electricity bills,
car registartion etc.
Obviously you will need some time to make sure that you have made the right decision and to find the area you feel comortable in. If you want flexibility in the short term then you may want to put it in the bank or short-term deposit. EasyStreet offer 5.4% (currently) with instant access but you are limited to 250k. ING gives 5.25% with instant access, but also 5.4% on 90 day terms (with the option to withdraw 1/4 of the money without penalty). There is a railway credit union offering a better rate but you need to have railway connections
I found Money magazine useful for listing out the top 10 of financial thingys(e.g. savings accounts, credit cards, mortgages, managed funds, superfunds, etc...).
Cheers
Alistair
Oct 27th 2004, 10:21 am
#48
Joined: Jul 2004
Posts: 12,063
Re: 500,000
Originally Posted by dave english
hello all
when we land in oz we will have 500k in oz dollars just wondering what people would do, ie buy rental place, buy house with no mortgage. any ideas would be very welcome.
when we land in oz we will have 500k in oz dollars just wondering what people would do, ie buy rental place, buy house with no mortgage. any ideas would be very welcome.
Welcome to the site.
Cant understand all the negitive remarks about your question?? Please dont be put off posting here.
In this day and age $500k int much as someone else pointed out works out about £200k average price of a house over here.
We will be going with about the same we will rent first see how the work goes etc then buy when we are settled not gonna use it all though we are going to Tasmania and you can get some nice properties for about $200k so rest will be used to travel, party get back to uk for visits etc
Kay
Oct 27th 2004, 6:47 pm
#49
Just Joined
Thread Starter
Joined: Oct 2004
Posts: 4
Re: 500,000
wow some of you people are touchy.
This will be my first and last post me thinks.
Anyway thanks to those with sensible replys,the rest of you can suck my log.
This will be my first and last post me thinks.
Anyway thanks to those with sensible replys,the rest of you can suck my log.
Oct 27th 2004, 6:49 pm
#50
Account Closed
Joined: Jul 2004
Posts: 8,441
Re: 500,000
Originally Posted by dave english
wow some of you people are touchy.
This will be my first and last post me thinks.
Anyway thanks to those with sensible replys,the rest of you can suck my log.
This will be my first and last post me thinks.
Anyway thanks to those with sensible replys,the rest of you can suck my log.
Oct 27th 2004, 7:06 pm
#51
BE Forum Addict
Joined: Sep 2004
Location: Townsville,north queensland! and loving it!!
Posts: 1,660
Re: 500,000
Originally Posted by dave english
wow some of you people are touchy.
This will be my first and last post me thinks.
Anyway thanks to those with sensible replys,the rest of you can suck my log.
This will be my first and last post me thinks.
Anyway thanks to those with sensible replys,the rest of you can suck my log.
Oct 27th 2004, 7:07 pm
#52
Account Closed
Joined: Jul 2004
Posts: 8,441
Re: 500,000
Originally Posted by jimtrish
what a charmer!
Oct 27th 2004, 7:22 pm
#53
Joined: Mar 2004
Location: pacific pines
Posts: 4,418
Re: 500,000
Originally Posted by Grayling
Don't want to wind anyone up but We will be going with a lot more than that.
I would also like similar answers and have posted this before.
Before anyone has a dig, I am probably 25 years older than most on here.
What is that worth?
Would you swap?
I do not know what to do for the best.
As most will realise my money is the end result of paying a mortgage for the past 25 years and from having several years when the kids had grown up and left home.
Best wishes
G
I would also like similar answers and have posted this before.
Before anyone has a dig, I am probably 25 years older than most on here.
What is that worth?
Would you swap?
I do not know what to do for the best.
As most will realise my money is the end result of paying a mortgage for the past 25 years and from having several years when the kids had grown up and left home.
Best wishes
G
Oct 27th 2004, 7:41 pm
#54
Just Joined
Thread Starter
Joined: Oct 2004
Posts: 4
Re: 500,000
Originally Posted by madsad
Good bloody luck mate, you have grafted all your days for your brass!! enjoy it.
its a bit of a downer to know that some of these negative/sad people are also going to oz.
SWINDON :scared:
Oct 27th 2004, 8:28 pm
#55
BE Forum Addict
Joined: Sep 2004
Location: Townsville,north queensland! and loving it!!
Posts: 1,660
Re: 500,000
Originally Posted by dave english
Thanks mate,
its a bit of a downer to know that some of these negative/sad people are also going to oz.
SWINDON :scared:
its a bit of a downer to know that some of these negative/sad people are also going to oz.
SWINDON :scared:
have fun with your hard earned dosh
Oct 27th 2004, 8:28 pm
#56
What's happening dudes?
Joined: Mar 2004
Location: Bayside Brisbane
Posts: 20,647
Re: 500,000
Originally Posted by Grayling
Whether to rent or buy,to invest, to just spend the lot and grow old disgracefully
Oct 27th 2004, 8:43 pm
#57
¤¤¤ • ¤¤¤ • ¤¤¤ • ¤¤¤
Joined: May 2004
Location: Frankston South, Victoria
Posts: 2,867
Re: 500,000
Originally Posted by lucyb
Makes you wonder what the boys might be doing with their right hands?
looks like you're going to be trouble on Saturday!!!
D D
Oct 27th 2004, 9:01 pm
#58
BE Enthusiast
Joined: Aug 2003
Location: Brentwood, Essex but Adelaide bound
Posts: 397
Re: 500,000
Originally Posted by kirsty&al
Remember that you will be taxed on your interest, so not paying a mortgage will always be more tax efficient than earning interest to pay your rent; unless you can make approximately double the mortgage interest rate.
Obviously you will need some time to make sure that you have made the right decision and to find the area you feel comortable in. If you want flexibility in the short term then you may want to put it in the bank or short-term deposit. EasyStreet offer 5.4% (currently) with instant access but you are limited to 250k. ING gives 5.25% with instant access, but also 5.4% on 90 day terms (with the option to withdraw 1/4 of the money without penalty). There is a railway credit union offering a better rate but you need to have railway connections
I found Money magazine useful for listing out the top 10 of financial thingys(e.g. savings accounts, credit cards, mortgages, managed funds, superfunds, etc...).
Cheers
Alistair
Obviously you will need some time to make sure that you have made the right decision and to find the area you feel comortable in. If you want flexibility in the short term then you may want to put it in the bank or short-term deposit. EasyStreet offer 5.4% (currently) with instant access but you are limited to 250k. ING gives 5.25% with instant access, but also 5.4% on 90 day terms (with the option to withdraw 1/4 of the money without penalty). There is a railway credit union offering a better rate but you need to have railway connections
I found Money magazine useful for listing out the top 10 of financial thingys(e.g. savings accounts, credit cards, mortgages, managed funds, superfunds, etc...).
Cheers
Alistair
Hurrah!
A polite and helpful response.
Lots of green eyed monsters on here me thinks....
At this rate I'll be going without a pot to p**s in, but no matter.
It's irrelevant what your budget is, everyone still has their limitations. Shopping with more notes in your wallet does not remove the usual dilemmas and choices.
I think renting whilst you find your feet is a good idea - give yourself some breathing space to find the ideal location to live before buying somewhere.
Oct 30th 2004, 12:17 am
#59
Guest
Posts: n/a
Re: 500,000
In article <[email protected]> ,
member25709@british_expats.com (lucyb) wrote:
> *Subject:* Re: 500,000
> *From:* lucyb <member25709@british_expats.com>
> *Date:* Tue, 26 Oct 2004 21:02:53 +0000
>
>
> > I didn't get where I am today visiting left-handed web-sites :)
> >
> > In any case all websites should be capable of being surfed one-
> > handed ...
>
> Makes you wonder what the boys might be doing with their right
> hands? :scared:
>
> --
> Lucy
> Posted via http://britishexpats.com
>
Why just the boys? I know the girls... do.. too.. Don't be shy now.
--
Paul
http://www.labrose.com
member25709@british_expats.com (lucyb) wrote:
> *Subject:* Re: 500,000
> *From:* lucyb <member25709@british_expats.com>
> *Date:* Tue, 26 Oct 2004 21:02:53 +0000
>
>
> > I didn't get where I am today visiting left-handed web-sites :)
> >
> > In any case all websites should be capable of being surfed one-
> > handed ...
>
> Makes you wonder what the boys might be doing with their right
> hands? :scared:
>
> --
> Lucy
> Posted via http://britishexpats.com
>
Why just the boys? I know the girls... do.. too.. Don't be shy now.
--
Paul
http://www.labrose.com
Oct 30th 2004, 12:17 am
#60
Guest
Posts: n/a
Re: 500,000
In article <[email protected]> ,
member31151@british_expats.com (dave english) wrote:
> *Subject:* Re: 500,000
> *From:* dave english <member31151@british_expats.com>
> *Date:* Wed, 27 Oct 2004 19:41:48 +0000
>
>
> > Good bloody luck mate, you have grafted all your days for your brass!!
> > enjoy it. :D
>
> Thanks mate,
>
> its a bit of a downer to know that some of these negative/sad people are
> also going to oz.
>
> SWINDON :scared:
>
> --
> Posted via http://britishexpats.com
>
FFS! You only prepared to go to a country full of yes men?
--
Paul
http://www.labrose.com
member31151@british_expats.com (dave english) wrote:
> *Subject:* Re: 500,000
> *From:* dave english <member31151@british_expats.com>
> *Date:* Wed, 27 Oct 2004 19:41:48 +0000
>
>
> > Good bloody luck mate, you have grafted all your days for your brass!!
> > enjoy it. :D
>
> Thanks mate,
>
> its a bit of a downer to know that some of these negative/sad people are
> also going to oz.
>
> SWINDON :scared:
>
> --
> Posted via http://britishexpats.com
>
FFS! You only prepared to go to a country full of yes men?
--
Paul
http://www.labrose.com
