Buy a $300,000 house in some other city and rent it out. Use the rent to pay for a $250/week room in sydney + train/bus ticket to university.
Put $300,000 in blue chips, tilted towards resources.
The remaining $300,000 I'd buy some aussie government bonds.
Pay off my hecs debt with $45,000
Put $45,000 in my day trading account. Income generated from this will go into more blue chips.
Go on a shopping spree with my remaining $10,000. I'll probably go home with $9,995 after only buying an ice cream, though. I might also boast I suddenly got an extra $10,000 to appear more attractive to the ladies. That might lead to buying dinners and such.
Put $300,000 in blue chips, tilted towards resources.
The remaining $300,000 I'd buy some aussie government bonds.
Pay off my hecs debt with $45,000
Put $45,000 in my day trading account. Income generated from this will go into more blue chips.
Go on a shopping spree with my remaining $10,000. I'll probably go home with $9,995 after only buying an ice cream, though. I might also boast I suddenly got an extra $10,000 to appear more attractive to the ladies. That might lead to buying dinners and such.