A revised proposal from Tae — 20 April 2026 v2

Home Purchase — Revised Capital Plan

Supersedes v1. Rebuilt around protecting your retirement capital, not drawing on it — after you shared where you actually are on retirement readiness, the original ask was too heavy for your position. This plan decouples your Carlton sale from our purchase, uses dormant Point Cook equity as a time-limited bridge, and locks in reciprocity at exactly the right life stage.

Numbers are best-estimates using current market data and the NAB 2026-04-20 meeting outcomes. Every assumption on this page is editable — charts and projections update live.

The summary

[Brother] and I still want to buy a 3-bedroom Torrens-title townhouse or standalone-feel semi-detached in Footscray / West Footscray / Seddon / Yarraville / Kingsville, target ~$820,000, settlement June-July 2026. NAB staff owner-occupier rate is 5.64%. What changed is the capital structure — no more $190k gift, no more Carlton sale on our timeline.

The revised ask — three decoupled pieces plus reciprocity
  1. Your Carlton sale is entirely your decision. On your accountant's timeline, for your retirement deployment. Full proceeds stay with you. Not tied to our purchase at all.
  2. A limited Point Cook guarantee bridges our deposit gap. Dormant equity as productive leverage for 4-6 years. Releases automatically when our LVR drops to 80%. No cash leaves your retirement pot.
  3. A small $20-30k stamp-duty buffer gift from your existing savings. Enough to smooth the deposit mechanics without touching Carlton proceeds or affecting your retirement picture.
  4. Super top-ups 2033-2038 as our reciprocation. Target aggregate $200-300k across your and Mum's accounts, calibrated to what your position actually needs at the time. Non-concessional contributions, tax-efficient, lands during your retirement window.

The trade-off is about $500 more per brother per month versus v1, in exchange for your retirement capital being fully preserved and replenished at exactly the right life stage. Absorbable at our income; worth it to keep your position intact.

Why v1 was wrong for your position

After you shared yesterday that you and Mum sit around $300-350k across super, VRSN, other savings and investments (outside Carlton), and that you'd retire today if you could but aren't there yet — the v1 ask stopped making sense. Here's the bracketing I sized the original gift against.

Retirement bracket Non-property investable capital Max defensible gift
Conservative< $450k$100-150k
Comfortable$450k - $1.1M$150-250k
Wealthy> $1.1M$250k+

At $300-350k you sit squarely in the conservative bracket. A $190k gift would have:

The key signal
You said you'd retire today if you could. That's your own signal that the cushion isn't there yet. A plan that widens that gap isn't the right plan.

The revised structure — three decoupled pieces plus reciprocity

Each piece is standalone. Your Carlton timing doesn't affect our settlement. The guarantee doesn't cost you cash. The buffer gift doesn't dent your retirement. The super top-ups arrive when they're most tax-efficient.

Piece 1

Carlton sale — your retirement strategy, standalone

The investment case for selling Carlton from v1 still stands: ~2% CAGR over 15-20 years, ~4-4.5% net yield (cash-equivalent once body corp / rates / insurance / vacancy are stripped out), structurally declining inner-city unit market, better redeployment options exist (Hawthorn, super, ETFs, HISA). None of that changed.

What changed is this: the sale is uncoupled from our purchase.

  • You and your accountant decide FY26 vs FY27 purely on CGT optimization (title structure, your other income, VRSN vesting timing).
  • You decide which Carlton first, on a timeline that suits your portfolio.
  • You decide deployment destination on investment merits — not cashflow obligations to us.
  • Full proceeds — estimated ~$570k across both apartments over time — go to your deployment. Nothing flows to us from Carlton.
Framing
Your retirement strategy runs on your schedule. The boys don't need the cash.
Piece 2

Point Cook guarantee — our financing bridge

Instead of you funding our deposit in cash, NAB structures a limited guarantee (Family Pledge product or equivalent) where a specific dollar amount of Point Cook equity serves as additional security on our loan.

How it works

  • You pledge a limited, specific dollar amount of Point Cook — not the whole property.
  • The pledge replaces LMI on the portion of our loan above 80% LVR. No insurance premium, no cash outlay.
  • Released automatically when our loan's LVR hits 80%.
  • After release, Point Cook is 100% unencumbered — same position as today.
  • At no point does any cash move between us.

Scroll to Assumptions and Release timeline to play with the numbers — guarantee size, release year, monthly cost all update live.

Piece 3

Stamp-duty buffer — $20-30k from existing savings

One small cash contribution, from your current savings — not from Carlton proceeds. Purpose: top up our deposit enough that the guarantee stays below ~17% of property value, giving NAB comfort on the structure and leaving us with a small cash buffer post-settlement.

  • Small enough to not affect your retirement picture ($25k on a $300-350k base ≈ 7-8%).
  • Not tied to Carlton timing — you don't need to wait for a sale.
  • Keeps Carlton proceeds 100% available for your retirement deployment.
Piece 4

Our reciprocity — super top-ups, 2033-2038

This replaces the "gift now, moral thanks later" model with a concrete long-term commitment. When you reach preservation age 60 in 2030 and are ready to retire, [Brother] and I will contribute to your and Mum's super accounts over an approximately 5-year window, targeting aggregate $200-300k, calibrated to where your retirement position actually is at the time.

Mechanism — non-concessional super contributions (NCCs)

  • Each person has a $120k/yr NCC cap (current 2024-25 rate, indexed upward).
  • 3-year bring-forward option: $360k upfront, then nothing for 2 years.
  • Across Mum's and Dad's accounts, 5-year total legal capacity is ~$1.2M — well above our target.
  • Contributions are tax-free going in (no income tax, no gift tax).
  • Earnings inside super taxed at 15%, lower than your marginal rate outside super.
  • Withdrawals after 60 are tax-free (once condition of release is met).

Why this beats a cash gift-back now

Cash gift now Super top-up 2033-2038
Tax efficiency Taxable vehicles 15% earnings tax, tax-free after 60
Timing 7 years before preservation age Lands during retirement window
Your optionality Paid up front, can't undo Calibrated year-by-year to actual need
Our funding source From cashflow today — stretch From peak earning years — comfortable
Bank visibility Reduces serviceability if structured as a loan Zero bank visibility, no impact
Why this isn't a contract
We don't want to tie your expectations to a specific dollar-and-date schedule that may or may not fit our circumstances in 7 years. A contract creates bank-visibility risk on our side and legal friction on yours. The point of the commitment is reciprocity calibrated to need, not obligation calibrated to principal. It's a family understanding, and family moral claims hold in our family.

Your assumptions, your numbers

These drive everything on this page. Drag any slider — monthly repayments, guarantee size, release year, and the charts below all recalculate live.

Editable assumptions

v2 defaults are pre-set to the recommended plan. Move the sliders to pressure-test.
$700k$950k
$820k is recommended target. $780k is the cheaper pivot (more strata, less Torrens).
$0$80k
From Dad & Mum's existing savings, not Carlton. Recommended $20-30k.
Tae's FHSSS maxed + cash + Brother's cash. Default: $50k.
3.0%8.0%
NAB staff rate confirmed 2026-04-20.
20 yrs30 yrs
0%8%
Footscray inner-west townhouse long-run ~5%. Houses 6-7%.
Sets headroom for how much the Family Pledge can pledge against.
Our reciprocity. Calibrated to your needs in 2030.
Tae + Brother combined. Default: $12,780 on base. Bonus & RSUs on top.
5 yrs30 yrs

Live calculation — the plan at these inputs

Monthly P&I
% combined net
Loan amount
Initial LVR
at settlement, before amortization
Point Cook guarantee
Guarantee % of Point Cook
Stamp duty
VIC FHB concession applied
Net deposit into property
Guarantee release (projected)
Watch this
The housing ratio () is the tightest piece of the plan. NAB will approve — we tested at this morning's meeting — but it's above the 30% rule-of-thumb. Two mitigations are real: (a) [Brother]'s partner contributing board 3-6 months in drops effective ratio ~6pp; (b) a larger buffer gift brings it down directly. If 36% feels thin, bumping the buffer to $50k drops per-brother by ~$130/mo.

Guarantee release timeline

Our LVR decays in two ways: we pay down principal each month, and (hopefully) the property appreciates. When combined LVR drops to 80%, the guarantee releases automatically and Point Cook is fully unencumbered again. The curves below show decay under three property-growth scenarios. Markers show the release year under each.

LVR over time — three property-growth scenarios

Dashed line at 80% LVR: the release threshold. The earlier a curve crosses it, the sooner Point Cook is freed.

0% CAGR (flat market — worst case)
Your chosen CAGR (live slider)
7% CAGR (upside)
80% threshold (release)
Starting LVR
Loan amount
Rate / term
Your chosen CAGR
Release yr (0% CAGR)
Release yr (chosen)
Release yr (7% CAGR)
Realistic middle
Point Cook stays pledged 4-6 years under base-case assumptions. That timeline is before — or roughly coincident with — Dad's preservation age of 60 in 2030. Worst case (flat market + elevated rates) slides release to year 8-9.

Your position over time, under this plan

How your non-PPOR investable capital evolves across the key milestones: now, after your first Carlton sale, at Dad's 60, and into mid-retirement. The Point Cook bar shades from "pledged" to "unencumbered" as the guarantee releases. The super bar grows from our top-ups in the 2033-2038 window.

Parents' non-PPOR investable capital (stacked)

Estimated figures. Point Cook is the house you live in — shown to illustrate the pledge state, not as investable capital.

Super (combined)
VRSN + cash + other
Carlton (held)
Carlton proceeds (deployed)
Our super top-ups (2033-38)
Point Cook (pledged)
Point Cook (unencumbered)

At Dad's 60, your non-PPOR investable capital lands around $1.18-1.36M — comfortably self-funded retirement territory by ASFA's benchmarks (~$800k-$1M required for an ASFA "comfortable" couple lifestyle). You reach preservation age with genuine optionality.

v1 vs v2 — side by side

Structural comparison of the two plans. Same target property. Different capital structure, different impact on your retirement.

v1 (original) v2 (this plan)
Cash from parents in 2026$190k gift$20-30k stamp-duty buffer
Carlton sale tied to our timelineYesNo
Point CookUnencumberedPledged ~$135k for 4-6 years
Parental capital at risk$190k permanently gone$135k Point Cook equity (returned on release)
Our monthly per brother$1,773~$2,285
Target property$820k$820k
Your position at Dad's 60~$1.03M non-PPOR~$1.27M non-PPOR
Your retirement timing flexibilityReducedPreserved
Our side of the dealJust "thanks"$200-300k super top-up 2033-38

Where you land at Dad's 60 (2030)

Non-PPOR investable capital under each plan. Both assume current trajectories hold.

Risks and what to stress-test

Six things worth surfacing so you can pressure-test the plan honestly.

Risk 1

NAB Family Pledge structure

I've assumed a 20% cap on the guarantee. Follow-up NAB meeting needs to confirm: exact cap, whether sibling joint applicants qualify for the standard product, fees (typically $500-1,500 + valuation), and whether staff-rate pricing applies to guaranteed loans.

Risk 2

Release timing sensitivity

If Footscray stays soft and rates stay elevated, release may slide to year 6-8. Point Cook stays pledged that long. We'd manage by directing any surplus (bonus, RSUs, partner board) to principal paydown.

Risk 3

Your Point Cook plans

If downsizing Point Cook is on your 5-7 year horizon, the active guarantee creates friction — NAB would need to release early or substitute security. If this is possible, tell me — we'd pivot to $60-80k cash gift + First Home Guarantee (government program, unlimited places since Oct 2025, no income cap, covers LMI on properties under $950k in Melbourne).

Risk 4

Our reciprocity commitment

Moral, not contractual. If either of our circumstances changes materially (serious illness, career setback, family dissolution), the $200-300k target is ambitious. Stable but not guaranteed. I want to be honest about this rather than pretend it's locked.

Risk 5

Interest rate sensitivity

The ~36% housing ratio is the tightest piece. If rates move 1-1.5% above 5.64%, per-brother monthly climbs $250-380, taking ratio to ~39-40%. Approvable at our income but uncomfortable. Mitigations: partner board, split fixed/variable, or a larger buffer gift ($40-50k instead of $20-30k).

Risk 6

FHG alternative

If the guarantee path doesn't work (NAB pushback, Point Cook plans shift), the fallback is First Home Guarantee + slightly larger cash gift ($60-80k). Worse for your retirement position than the guarantee structure, but entirely workable.

What I'd like to understand from you

Three things to finalize the plan. Rough answers are fine — enough to sanity-check the shape.

  1. Is the $300-350k combined across you and Mum, or mostly your side? Mum's separate super, if any, would change the retirement picture materially.
  2. What are your and Mum's plans for Point Cook over the next 5-7 years? Stay put and eventually downsize later? Sell and move earlier? This determines whether the guarantee structure fits or whether we pivot to FHG + cash gift.
  3. What's your actual retirement income target? ASFA "comfortable" for a couple is ~$73k/yr. Your target may be higher (travel, helping grandkids) or lower (low-key lifestyle, mortgage-free home). This calibrates what the 2033-2038 super top-up should be aiming for.

What we ARE / are NOT asking

What we are not assuming

  • We are not asking for cash that affects your retirement.
  • We are not asking you to sell Carlton on our timeline.
  • We are not asking you to permanently part with Point Cook equity — the guarantee is time-boxed and returns to you unencumbered.
  • We are not asking Mum to make any specific deployment decisions.
  • We are not asking for ongoing financial support.

What we are asking

  • A $20-30k stamp-duty buffer gift from your existing savings.
  • Point Cook pledged as limited security for 4-6 years (released automatically via LVR threshold).
  • Your willingness to accept super top-ups from us in 2033-2038 as our reciprocation.

That's the whole thing.

Suggested next steps

This week
You and I discuss this revised plan. You share the three data points above (roughly — no precision needed).
Next 1-2 weeks
Your accountant reviews the structure from your side — particularly the Family Pledge mechanics, how the guarantee sits against Point Cook's title, and any interaction with your retirement deployment plans.
By end of April
Align on structure. Confirm we're proceeding on this shape or pivoting to FHG + cash gift.
May 2026
I submit the NAB full application with Family Pledge included. You'd meet with NAB's guarantor advice team (standard requirement — ensures you independently understand what you're committing to).
June-July 2026
Settlement executed. Legal docs (tenants in common, deed of contribution, BFA + licence if partner moves in later) signed at or before settlement.
Post-settlement
Your Carlton sale decisions proceed on your own timeline, decoupled from us. Your accountant drives that.

Happy to walk through any of the above, adjust assumptions you want to challenge, or have your accountant validate specific numbers before we commit to anything. If the Point Cook pledge doesn't suit you for any reason, the FHG fallback is ready.