u/Willing_Reward7741

28m single, just bought an apartment with mortgage and on a six figure salary. Thinking of selling my reliable 2018 Camry with 44k on the odo and buying an 86 instead.

YOLO mentality of being young and single is temporary and so is owning a JDM. The Camry was my first responsive choice at age 22 and was a safe bet for driving people, moving things around etc.

Either I sell my current car and use the funds on an 86, or save up money or even top up my mortgage by 25k to buy one next year and own two cars. I’d park the Camry in the street or at my parents place and have the 86 in my garage. I don’t have the funds outright so either sell Camry or wait to have funds to buy the additional car

Really want the JDM sports car to drive and feel like I’m missing out on owning a cheaper model whilst I don’t have a family/kids to think about.

What’s a cheap but reliable fan to have for the upcoming summer? Or does everyone tend to steer towards Kmart $30 fans or like Dyson fans on the premium end?

I’m curious what’s best practice to stay cool whilst maintaining budget.

Context: living on the middle floor of a 3 storey apartment red brick complex so I’m pretty well insulated during both winter and summer

Moving into my first apartment soon and want to be conscious of how much I spend on fridge, washing machine, vacuum etc.

How much does name brand and online reviews factor into your decision making for these? Any specific brands you recommend to use or stay away from?

E.g deciding to go with westinghouse or LG for a fridge as it’s more well known or choosing a Dyson for a vacuum

Hey all, I’m moving into my first apartment in Sydney and trying to keep the upfront costs under control. I’ve made two lists: what I already own and will bring, and what I still need to buy. I’m hoping to get advice on which items are worth buying *new* vs *second‑hand*, and where the best savings usually are. Goal is to live in it for minimum 12 months before deciding to either stay longer, rent vest elsewhere or the worst case scenario move back home

I’m not trying to be cheap for the sake of it — just want to avoid wasting money on things that don’t need to be brand new especially if I need to default back to moving back home if facing financial difficulties

I won't share the list of things I'm bringing so just assume anything missing here is already being accounted for.

# Large Appliances

* Fridge
* Washing machine
* Microwave

# Furniture

* Main couch
* Standing desk
* Bed frame
* Living room TV stand
* Rugs
* (Optional) Small bedside table
* Small dining table
* Small coffee table

# Cleaning & Home Maintenance

* Vacuum cleaner
* Electric spin scrubber for tiles
* Mop + bucket
* Portable clothing line
* Shoe rack

# Climate & Comfort

* Fan

# Bathroom

* Stone dry bathmat

What do people generally elect for their cadence of repayments? Do you pay more off the loan by going by weekly or fortnightly?

My logic is that weekly pays off the loan faster and saves more interest than monthly (52 weeks vs 12 months). However I am also conscience of how difficult it is to repay weekly considering I’m on a monthly salary.

Hi guys, I’m 28m and about to move out of home for the first time. I’m wondering if it’s cheaper to buy a 24 pack of bottle water 600ml from Cole’s or Woolies vs buying a filter from like Bunnings and running the tap in the apartment?

For reference I’m currently living at home and just drink bottled water cause it’s easier to track and keep sealed if I don’t finish it in one go. I aim to drink 2L minimum per day

28m looking to buy either a PPOR or IP as a first mortgage in Sydney and have been considering 1-2 bedders with 1 car space in areas like Ryde, Gladesville, Lane Cove, Maroubra, Campsie, Homebush. What are people’s thoughts on these suburbs as a PPOR or IP. Goal is to build equity and snowball wealth so that one day I can afford a house but I want to get into the market first

Reasons why under consideration:
Ryde: transport options and top Ryde as hub
Gladesville and Lane Cove: close to the city, less quantity for medium to high density apartments
Maroubra: 1 bedders near the beach
Campsie and Homebush: Metro uplift

My budget is around 660k but if I have to push it, I can go 700k purchase price. My broker has done some calcs and worked out that I’m in a similar position regardless of purchasing a PPOR or IP

Factors to consider are:
- risk of low vs high growth and stability
- size of the loan and how quickly I can pay it down to build access to equity
- public transport

Not quite sure if I want something low risk and stable or something higher risk and higher reward for capital growth.

Low risk to me is buying in a stable suburb where not much growth is guaranteed and it would just be purely repayments building equity whereas high risk would be investing in areas such as metro uplift areas and relying on the market to bolster capital growth as well as my money paying down the mortgage in a multiplier effect.

Posted in Aus finance and posting here as well for coverage.

28m Sydney looking to buy first property while living at home with no debt (recently paid off hecs). I was debating whether to get an owner occupied or rent vest and simply buy an apartment in Sydney that will benefit from the metro boom whilst living at home to potentially moving out.

My question is, how does the new government policy change strategy for those looking to rent-vest or purchase an IP in the coming weeks or months? Given current rates, the difference between an OO vs IP for a loan is quite small so the benefit for me whilst still living at home is to minimise expenses and go for an IP with potential to move out somewhere and rent for independence.

Curious to hear other people’s thoughts and how this could impact debt recycling in the future

I can move out and live for a year, but the trade off to me of singe handedly paying off my mortgage sounds more hard and more taxing financially than forgoing stamp duty waivers and getting an IP whilst living at home with minimal expenses and dumping everything into an offset. Once I’ve got a good cadence from renting out, the plan is for me to move out myself and rent somewhere

Goal is to start by getting my foot in the property market, paying down the loan via someone else and building equity. Then starts the debt recycling into buying more properties very long term all whilst living at home and leveraging minimal expenses. Alternatively if expenses aren’t too bad in a few months, I’ll move out and rent hence rent vest.

I’m trying to leverage equity and growth by getting into the first apartment, then continuing without selling to build a portfolio and achieve financial independence