u/Beginning_Length6861

I have a wife and 2 kids.
I have 1 IP and looking to buy 1 PPOR (currently renting away from "home" due to work).
I am earning between 400-500k.
But my income is Personal Services Income.
I am in my 30s.

So what can a financial planner do for me other than
- tell me to max out super contributions
- put money in ETFs (although currently I am just happy putting it into the offset).
- check I have suitable income protection / life insurance
- I am not a huge spender, as I grew up in a broke family, but things have become more comfortable now. Naturally we are enjoying the income more now after getting into the property market, but there hasn't been huge lifestyle creep. I.e. I don't consider our family to have budgeting issues.
- I trust my accountant with tax related things

I just need some education on what they will actually provide me before I engage one.

Do they always have my best interests are heart or do some provide questionable advice?

Thanks

I am looking to buy a 2nd property and make it my PPOR, whilst keeping the first property negatively geared. I am renting in another town due to work until the new year.

But I have only been in the market long enough that I have only been a buyer during boom times.
I haven't been property hunting long enough to know what it's like during a stagnant or falling market.

Everything was a mad rush trying to get an offer in.
Properties going under contract the same day as the first inspection.
Huge pain even trying to get a real estate agent to pick up the phone or answer a simple question about the property.
Agents refusing things like B and P inspections.
Not thinking twice about paying higher as the property would just go up that price in a few months.
No concerns about negative equity.
Inspections packed with people.

In what was does your property search change during a downturn or flat market?

Looking at buying a Kia Carnival. Should I rush to buy now? Don't need it until baby comes end of the year, after which we will need at least 6 seats.

EDIT: I mean not for sale, I don't mean an "off-market" opportunity found by agents, buyer's agent etc.

There are 3 particular houses in the suburb (and in particular street) I am interested in that were sold within the last year. But as they were sold at auction, and I was too scared about unconditional without finance and B and P clause I didn't bid on them.

The winning bids were well under my budget, and if they were being sold via private treaty I would have offered much more than the final auction price.

I am interested in these houses due to specific reasons including the streets they are on. Unfortunately, these houses aren't coming up that often and it seems to be a tightly heald pocket.

I ended up buying another house in a less preferred street. Now looking to buy another in the place I originally wanted.

Questions:

1. Has anyone here every contacted the owner and made an offer for a property like this?
2. How much of a premium above market would you offer to make it worth their while? $100k? $200k? $300k?
3. Did you door-knock, drop a letter in mailbox, use RP data to find the owner's details, or contact the agent who it was sold through last last?

TIA!

Is that how it work.
I got one done last year after I bought the house.
Do I get them to come out yearly and update it?

TIA

I really try to be organised, both for my own benefit and as a courtesy to others.

But at the moment I am dealing with:

1. A broker who I have had to really double check their numbers and had to correct them on a few things they told me, which they admitted they got wrong. I feel they should be the one on top of the numbers not me, and it has reduced my confidence.
2. An engineer who I am engaging for the first time rescheduling the appointment two times, after I have already made time in my calendar for that purpose.
3. Slow or sluggish replies, requiring follow up emails on my end - with the response "sorry I didn't see your email".

I am finding myself getting increasingly annoyed by occurrences like the above. Am I just being too pedantic?

These people run their own businesses, and I feel they should be on top of things, or more incentivised to be anyway. Obviously I will go somewhere else next time etc.

The exception to this, for whatever reason would be the legal team. Maybe just the person I am dealing with but they are on the ball.

Hi all.

What are the pros and cons of purchasing property that has bushland at the back (which is part of the property boundary) such as this one?

Are you able to knock any trees down and build there e.g. granny flat?
Will there be more pests?
Looking for any general advice as never lived on such a property before.

Thanks

https://preview.redd.it/hpagk4nat55h1.png?width=326&format=png&auto=webp&s=2fe369bffd2603bbc6b964e4425f34c9a6a0e91b

And why are you currently selling instead of waiting it out and seeing what happens?
Are you e.g. upgrading, "investor quits", or selling for some other reason?
Are you getting less interest now the changes have been announced?

Thanks in advance.

Hi all.
Seeing GP locum jobs in the suburbs near capital cities advertised at $1800 per day.

Never locumed before.

What are the catches?
Do they push you to see X patients an hour or do Y amount of care plans?

I am a burnt out reg near the end of training and I am hoping to spend next year working less and doing locum gigs here and there, maybe working 6 months of the year in total - before committing to a permanent job / clinic the year after.

Edit: I would hope to fit in some decent travel overseas during this time, hence the interest in locum work without a permanent patient base and responsibilities towards that.

I can achieve the above numbers in my current job but that is due to location + full books.

Any advice appreciated.

Thanks

There was a house I was looking at, sat on market for ages, now withdrawn.

I am now interested in this house, where I wasn't in a position to make an offer when it was on the market.

Anyone reached out to an agent and successfully bought a house this way?

I can't seem to even find which agent was selling it anymore.

Hi,
I am finishing of GP training in a rural area.
Pay is great, and I have a good borrowing capacity for a house that suits my family in the city.

Can easily pay off a mortgage now.

But I am worried about when I move back to Brisbane next year if I will be able to afford the repayments. Particularly when starting off and my books are empty. On the flip side I don't want to be in this person's position https://www.reddit.com/r/ausjdocs/comments/1tm5tm4/fyi_loans_as_a_gp/

I will be trying to find a job in a mixed billing clinic.

Could anyone provide some advice?

In particular, could a new fellow in a city tell me how their salary was when they started at a brand new clinic with new books?

The only other thing I can think of is, as much as I dislike those companies, maybe starting to do telehealth to supplement the income whilst my books fill.

Thanks in advance.

Someone failing a subject won't be able to study the same way an A+ student learns. However, a C+ student can provide much more relevant help and allow them to make it through the course.

I tried to study with an A+ student once.
Their approach just was not doable for a below average student.
Then I got tutored by someone who failed the course the first time then passed.
Their helps was way more valuable and applicable.

Most tutors advertise there extremely high marks. But I think this is misleading in how  effective they will be.

Sincerely, someone that failed the  first course I did in med school but then starting hanging around with other failures and never failed again.

*My bad, shouldn't have used the word all, and I was actually referring to tuition for struggling students.

*I will also add these A+ students often had 3 years of undergrad experience in the relevant subjects (e.g. Bachelor of Biomedical Science), and the C+ students often came from unrelated degrees and struggled too as they didn't have the same background.

If it all boils down to being able to do the job - what a doctor has is training in all the disciplines, history, examination, diagnosis, management, physiology, pharm, anatomy etc.

That's what pharmacists and nurses / NPs don't have.

So naturally, they won't be able to function at the same level.

And this will lead to poorer clinical outcomes.

So when are we going to see the lawsuits and AHPRA complaints against noctors?

Specialists won't go too far outside their own speciality, and GPs won't go too far outside their scope OR experience, but NPs and Pharms now want to go outside their entire profession?