Reflection: Investment Property ’23

This year was not good for property. Interest rates continue to a pain, and the value of my investment property also suffered. Warning: there is maths ahead! Initial value: 430,000Stamp duty: 23,000Settlement fees: 2,400Current value: 587,000Growth: 131,600 — or 29% over 6 years, an average of 4.8% per year But wait! There are other factors

2024 Goals

Another year, another set of goals! Hopefully this year is more successful than the last! Also an update to the inflation adjusted FI target – inflation was high again last year at 5.6%, bringing the FI target up to a whopping $3.01million from $2.85 million! Non-financial Goals Financial Goals

Update: December 2023

Time to look back on 2023! How did I do overall, despite the high expenses of the year? As you can see, there were several months I was definitely cash poor! Yes, our parents pitched in for wedding costs but even with their assistance we still used up a significant chunk of our savings too.