Hi /biz/ Saving for property in AUS, I am wanting to buy something

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Anonymous
2016-07-26 07:29:22 Post No. 1403734
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Anonymous 2016-07-26 07:29:22 Post No. 1403734 [Report]

Hi /biz/

Saving for property in AUS, I am wanting to buy something within three years. I need a deposit of at least 100k AUD.

Am I worth investing around $30k in index funds, or saving up for the three years in a high interest account roughly 3% P.A during the three years?

I will reach the 100k goal in 2 years.

Thanks.

Anonymous 2016-07-26 07:52:37 Post No.1403766
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Anonymous 2016-07-26 07:52:37 Post No.1403766 [Report]

Buy a cheaper property

Anonymous 2016-07-26 09:35:15 Post No.1403856
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Anonymous 2016-07-26 09:35:15 Post No.1403856 [Report]

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>>1403734
I'll tell you my game. maybe I'm wrong, maybe I'm right
>buy gold / silver / bitcoin
>wait for RE bubble to burst
>buy RE

Anonymous 2016-07-26 10:50:19 Post No.1403901
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Anonymous 2016-07-26 10:50:19 Post No.1403901 [Report]

>>1403766
Cheapest price of a 2bd unit in Melb or Sydney is about 350K if you're very lucky.
100K is the safest starting point for 20% deposit+stamp duty+other expenses.

Hi /biz/ Saving for property in AUS, I am wanting to buy something

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I'm aware that Imgur.com will stop allowing adult images since 15th of May. I'm taking actions to backup as much data as possible.
Read more on this topic here - https://archived.moe/talk/thread/1694/