What if you already have property, say 1m in total and still with 1k cash. What would be the next investment? Still property if younger than 30?

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Hi Lxcy,

If you would like information specific to your financial situation, you might like to appear in Money's Ask the Experts section. If you would like to be considered, please email a case study to Susan Hely at shely@bauer-media.com.au, and Susan will ask two financial experts to advise you.

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Hi,
I'm single, late 40s. I've got $200,000 savings. No investments. l live with my elderly parents, thus l don't pay rent.
My only expenses are the internet (average usage) & pre-paid phone (around $30 mth, just for emergencies).
l don't have a car and walk anywhere I want or if need be..take tram, train or bus.
Two options come to mind. Put my savings in a term deposit or to buy property. Property would have to be a small unit approx $300,000 as good condition property in Melb generally is very expensive.
Problem is I just left my job, thus the bank wont give me a loan!!!
I hope to be working again soon (low pad office job).
I have to do something about the $200,000. I've always had term deposit. I want a new change.
I looked on property websites for homes under $200,000 in Melb, but the only ones that come up are student accommodation ones. They are in huge blocks, multi-storeys, 100+units in a block! They advertise as huge profit returns.. approx 7% returns. But they are short term rentals. Students..Asians..studying for a year or two then they go back to Asia. Next Asian student arrives to do the same thing..then the next, and next... Not a stable situation at all for the investor. And the worst of all is that the Body Corp charges & council rates are so expensive in Melb..
Body Corp for a tiny studio unit Is upwards an average $2,500!!!!
BUT... I saw an apartment that's on offer only approx $180,000 in Melb which is NOT student accommodation in Melbs inner-middle suburbs near a main shopping strip. It's virtually the size of an average bedroom, its that bloody small. Building has just 20 or so units, approx built 1950s, there's patch-up work done on walls, pipes etc.. The Body corp guess around $1500, council rates prob around $1000.. Doubt any higher than these amounts. Rented currently for $200 per week.
Should I go for it? What are your thoughts, please?

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Hi Jo,

We're unable to give financial advice in the comments section of our website, but you sound like a great candidate for a case study.

To apply to be in our Ask the Expert section, please email your case study to shely@bauer-media.com.au. If selected, we will ask two financial planners for input on your situation.

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hi paul
i am 80 years old and i have $100,000 in cash, were can i make better then bank what offer.
hope you can help

col

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Hi Col,

We're unable to give financial advice here, but if you would like to be considered as a case study in Money, please email shely@bauer-media.com.au.

If selected, we will ask two financial planners for advice on your situation.

- Money team

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60+ $100,000 only get 2.5% at bank where long term best returns

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Hi , my husband and I currently own two properties. If we sell both and pay our debts we will be left with roughly $100k-$120k. We are planning to build a house overseas and move there. I really want to see whether is a good decision to sell and do something else with this money and to know that will give me a good return and have some income while I live my life overseas. Please let me know if there is anyone I can speak to get some advise and help. Thank you, Yanna

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Hi Yanna,

Thanks for your comment.

Unfortunately Paul cannot respond here, but we have passed your question on to him. He may answer it in a future issue of Money.

- Money team

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I am 71 and have been 100k which has been in a term deposit. With interest rates so low I need to find an alternative to this. Is there anything you can suggest?

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Hi Margaret,

Thank you for your comment. Unfortunately Paul cannot reply to comments. We will pass your question on to him for consideration in the Ask Paul section of Money magazine.

- Money team

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Dude get a job and move out of home..terrible! Poor parents.

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I have $200.000 age 81 looking for a safe investment. Not happy with Term deposits at this stage. Any suggestions please?

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Amen Jack Aor

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I have $100,00 in the bank earning no interest. I cashed in my super when I retired and became widowed. I own my property and am on an aged pension. I cannot take a risk with this money as it is all I have any advice

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