TOP 3 THINGS TO CONSIDER: Retiring with Investment Properties

https://www.whatifadvice.com.au/retir...

Australian’s love property – a recent survey found over 50% of Australian’s believed property was a safer investment than shares, gold, or even cash.

When you want to buy an investment property – there is almost too much information available, and everybody wants to help. The real estate agent thinks it’s a great idea, your mortgage broker is happy to help, your accountant gets to talk to you about negative gearing – and bunnings has their fingers crossed hoping that you plan to renovate.

However, what happens when you’re approaching retirement?
You’re going to have some pretty big questions; and finding answers can be difficult. Should you hold or should you sell? Do you pay down your debt or contribute to super, do you downsize your home or keep it as an investment? Will your rental income be enough, or if you have to sell – how do you reduce your capital gains tax?

Financial Adviser's in Brisbane and Melbourne www.whatifadvice.com.au