With assets of $2.9 million, Bindi is ...
On track for retirement sooner rather than later
Q My husband, 47, and I, 40, have three investment properties: one in Sydney (worth $950,000), another in Melbourne ($600,000) and the third in Brisbane ($600,000). They provide 3.3%, 3.8% and 3.6% rental yield.
Our loans amount to $972,000 with an offset account of $972,000, therefore there is no interest payable.
Combined we have $340,000 in super, shares worth $5500 and savings of $400,000.
We move with work, therefore currently rent. Our annual expenditure is $140,000 and savings $100,000. Our goal is to have $140,000 passive income after tax. We want to spend more time with our two school-aged kids. Our risk profile is low to medium.
Both parents are on pensions and do…
