Why should I own property at all?
There is only so much land available on planet earth. As the population grows the land suitable to live on becomes higher in demand.
To make land suitable to live on, we need a home.
As an investor, to create an income, we need a building to be rented out.
The above factors mean that property is considered a store of wealth by which you can build upon throughout your life.
The pension system in Australia assumes home ownership. Therefore if you don’t own a home in older age & don’t have enough funds to sustain your lifestyle outside of the pension, you could be in trouble. If you think its too late to achieve home ownership, contact us today to discuss your scenario.
Find out more:
ABC News Report - A generation of renters is staring down poverty in retirement unless something drastic changes.
*This blog offers general information and is not financial, legal, or tax advice. Consult a qualified advisor for personal guidance.