Grayling

Just pondering a few options.

What would anyone consider as safe ways of investing quite large sums of money in Australia other than investment properties.

Guaranteed steady income is preferable to gambling for larger sums.

What rates are available.

Anyone have any experience?

G

darendon

interested in this.Like yourself don't really want too much of a risk,but willing to leave the capitol alone for a year or two.

Grayling

This is probably an area that needs expert advice but I would like to know what the various options are.

I would also be happy to leave the capital for a few years.

G

wmoore

Yeah I'm on this track too but haven't done much research yet. We also want something reasonably safe and steady and are prepared to put in for mid to long-term.

We looked at holiday rentals but have been warned off by people who have been burned. Not to mention when you look at the numbers, the returns are small and the potential for extra outlaw is quite large.

Wendy&Mike

The only safe way is term deposits (6.25%) or government bonds (4.5%). I think managed funds are probably the best way to go. Return probably around 14% but could be negative if the stock market falls (lots). What do you consider a good return?

Mike.

darendon

I wouldbe reasonably happy with the 7% after what were used to in the uk,but i would love around 10% for a moderate risk.
I'm with go-matilda for my visa application so i'm hoping to maybe call on some of Alan Collett's knowledge.

darendon

anyone?

Grayling

I'm with you on this one Davendon.....I thought there may be a few more replies but not so far.

Thanks Mike for your reply....I may be prepared to risk some money on managed funds but would need to look into this more closely.

I suppose I would settle for 6% or so if it is guaranteed but I also need to consider my tax position as I already have a fair private income.

G

jad n rich

Bank of WA are are doing around 6.8% interest and suncorp fixed deposit for 6months was advertised yest for similar.

Aussie sharmarket had a reasonalble wobble recently, lots of people had a wake up call that it can go backwards as well as up, and as most aussies superannuation is tied up in the stockmarket, headlines like billions of super lost in one day (daily mail style) seem to have set the property market soaring again. Well thats on the coast and brisbane anyway, seems as soon a sold sign goes up, its gone, quite different from the last year or so.