ETF portfolio sanity check

Hi all,



I'm about to set up a portfolio with about 100k and was hoping I could get some opinions on asset allocation and ETF choice. I will rebalance yearly, but otherwise leave it alone for 15-20 years (although perhaps I'll up the bond % after 10 years or so).



My current idea is as follows:

• 40% Australian shares (80% VAS; 20% ARG or some other LIC)


• 30% International shares (70% VTS; 30% VEU)


• 20% Fixed interest bonds (IAF)


• 5% Property (VAP or SLF)


• 5% Cash (emergency money)

I'm not sure if I should bother including property or just keep it simpler and stick that 5% in bonds or shares? I also wonder if I have too strong a home bias? If there's other ETFs/funds I should consider I'm all ears.



Thanks in advance,

Adrian