Throwing this hand grenade
Copied here so you don’t give the cunts clicks:
Age: I’m 48 and so is my wife
Lives: In the Willeton/Rossmoyne/Shelley area of Perth
Salaries: We both work full-time. I earn $100,000 a year. My wife earns $80,000 per year.
Jobs: I work for an energy utility company as a document controller and my wife works in a lab for Wesfarmers. Both are very normal, boring jobs!
Assets/savings/investments/shares:
We supplement our salaries with rental income earned from our investment properties.
We have managed to accumulate six properties in Australia and three overseas. The last one we purchased was last year in 2023 and the first was 18 years ago.
We have combined superannuation of $330,000, shares worth $130,000 and cash savings of $130,000.
Equity for each Australian investment property is currently valued at:
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$785,884.60
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$167,031.60
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$154,108.68
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$71,738
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$151,738
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$71,738.
I am participating in Perth Now’s Cash Confessions because I want to show that it is possible to get ahead even as a normal couple working two normal jobs. Neither of us are university educated and we both started out as labourers in blue collar roles and worked our way up to where we are now, working in semi-professional jobs.
Dam I should’ve purchased my first property 18 years ago when I was still in school
Holy moly you're brave posting this here, let alone sharing this with PerthNow.
Good on you both for achieving this.
Honesty form what I’ve seen, first generation migrants work a fuck load harder than your average Aussie. It boggles my mind when most of the people I work with are basically doing 2 full time jobs. One person I work with on a salary over 90k has just asked me to sign off on him getting a part time job on his days off.
If you are going to work that hard for what you want to achieve, than more power to them. I’m not going to blame them for having investment properties, I’m going to blame the system.
Just replace meals with a banana and you can acquire 6 properties