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182 Posts.
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26/03/22
09:55
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I would put money into a listed investment company such as WAM.
Paying 9.84% fully franked
2.5mil @ 9.84% equals $246,000 per year.
Rent yourself a nice place anywhere in the world for about $50,000
Spend $100,000 on yourself each year
Reinvest the left over money back into the share market.
Enjoy life.
Rid yourself of all the issue to do with owning a property.
Here's a bit of a list as to why you wouldn't own a property but rent
no rates
no tenets
no insurance
no mortgage repayments
no mortgage insurance
no replacing the carpet
no VCAT
your house was as a meth lab
no commission to the agent
I could be here all day with the issues.
not advice and DYOR