A recent study shows that to fund a comfortable life during retirement a man needs $590,000 and a woman needs $660,000 in superannuation assets. This will give them approximately $41,197 each year.
According to the ABS, the average superannuation balance for individuals aged 55 to 64 years old is $183,000. This isn’t even five years of comfortable living!
So how can we ensure that we don’t end up like 90% of the Australians out there? We need to act now! And how can we do this? PROPERTY!
Did you know that the average property in South Australia increases by 8% each year? So, say you bought an investment property for $320,000. It is expected to increase in value by $25,600 each year.
Let’s say you bought another investment property, worth $320,000 that is also increasing by 8% each year. You would be growing your wealth by $51,200 each year. So if you held these properties for just 15 years, you would end up with $768,000 in growth. This is more than 90% of Australians retire with!
As you can see, investing in property is the perfect way to take control of your financial future, so why wait? Speak to one of our consultants now to see how we can help you to begin the journey to financial freedom.
Remember, this is an example only. There are many other factors that will need to be taken into account. We recommend talking to a professional to discuss your individual circumstances.
Call us today for an obligation-free chat on 1300 846 956 to find out more or Get Started Now.
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