As we approach retirement we start to think more earnestly about how we will maintain our standard of living where superannuation is looking less & less likely to be sufficient revenue stream we always thought it would be.
Paying off the mortgage by retirement removes a major living expense, but will that be enough? Your superannuation is likely invested in equities & perhaps cash deposits, so it’s worth thinking about diversifying your retirement assets. Property is an investment option worth thinking about with a whole country outside Sydney & Melbourne that is more affordable & some would say more desirable to be considered when purchasing.
There are lots of smart approaches to investing in the Australian property market. But who has time to think about it let alone do hours of research on house prices, rental returns, capital growth trends, what is the tax impact, how does negative gearing work & who is offering the best mortgage package for me?
I do! It’s what I do for a living. I spend hours everyday reading economic articles, researching data & forming an opinion about what the future looks like in the property market (Disclaimer: it’s an opinion not a prediction!)
I have no vested interest in which mortgage provider you use nor where or what you buy. What I do care about is that you make the right decision for your circumstances. For this, I will;
- Listen to what you want, what are your circumstances, what are your limitations.
- Challenge you to think of alternative options. I will share my knowledge & inform you of options that you may not be aware existed.
- Guide you to speak to experts like an accountant or financial planner who have the same ethos as me with regard to your financial well-being.
- Present you with 3-5 options & walk you through these to make the best decision for you.
Ok, so maybe I’m not your best friend, but I should certainly be a regular contact in your ecosystem to keep you up-to-date with what’s happening in the property & mortgage lending market.
Let me know what you think in the comments section below.