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Have you considered the lifestyle you’d like for you and your family to live in the future? It may include luxury holidays, fast cars, prestige education for the kids, a bigger home or even just maintaining your current way of life during retirement. Sadly for most of us unless we buy investment properties now to set us up for the future that lifestyle just will not be achievable.
For those clients with young children that feel retirement is still so far in the future they can’t even imagine – think about your children. The cost of living is increasing a lot faster than the average CPI. It was hard enough for you to save for a deposit on your own home – wouldn’t it be nice to be able to afford to help your children with the deposit on their own home. (As well as be able to afford the University education and the luxury family holidays as they grow up)
If you’re younger you may have never given Superannuation a thought. It’s a form you had to fill out when you started your employment and you get a letter from them every quarter which you probably throw in a drawer unopened. You don’t care about Super – you’ll worry about that when your 50 or there abouts!
But… if you wait till your 50 to start actually opening those quarterly super statements they send you it’s probably going to be too late to live the lifestyle you had planned out in your head for your retirement. Speaking of retirement – by taking control now the amount of superannuation you have may not determine how many more years you have to work to have enough superannuation before you can afford to retire. The thought of working well into yours 70’s just so you can afford to retire isn’t a pleasant one!
Currently Australia has an average full time wage of $1,516 per week. The government pension is just over a quarter of the weekly income of the average working Australian. Could you go from living on $1516 per week when you’re working to $413.55 when you retire? Remember the bills are going to still be the same.
To buy investment properties is a reasonably safe way to invest for your future lifestyle. Residential Investment Property has consistently grown in value when compared with the Australian Stock Exchange (ASX) results for same period. The graph below illustrates why many people choose Property as an investment vehicle.
There are a number of different properties that can be found right around Australia anytime of the year:
Which property type is best for you largely depends on in individual or couples current lifestyle, future plans, risk profile and financial capacity.
We source ‘New Residential Property’ opportunities from around Australia to suit our client’s individual needs, making it easier for our clients (you) to compare which investment and location fits your wealth plan best.
Planning Property Wealth are not Financial Planners, Accountants, Finance Brokers, Conveyancers or Solicitors and recommend you seek advice from relevant Industry Professionals.
Our clients receive real choice as we remain non-exclusive with individual developers or specific locations around Australia so you should feel at ease when you buy investment properties with the aid of our services.
We at Planning Property Wealth would be proud to be a part of your wealth journey and earn it’s place as part of your Investment team.
There are various types of property to buy in Australia. These include the traditional house and land, dual occupancy house and land, townhouse, detached villa, duplex or apartment. The type of property you should buy will largely depend on your current lifestyle, future plans, risk profile and financial capacity.
The traditional house and land is usually a fixed price house built on a specified block. Three or Four bedroom, two bathroom, double garage designs are very popular. Depending on the block size most cater for the young family with room for the trampoline and swing set in the backyard. Perfect for your family to live in or just what the young families wanting to rent are looking for.
The dual occupancy house and land are a little more expensive than the traditional house and land but does mean extra income! Dual Occupancies consist of many configurations. For example one side might be 2 bedroom, 2 bathroom, single garage, while the other side consists of 3 bedrooms, 2 bathrooms, double garage. Sometimes built on corner blocks and unlike most duplexes can appear from the street as one large single dwelling. Live in one side – rent the other side. Also perfect for your family to live in the larger side and have the grandparents live in the smaller side. Super handy for babysitting when the children are younger, but equally as handy for the grandparents when they are starting to need that extra little bit of help for you to be so close by.
Townhouses are generally 2 story dwellings which share external walls with one or more neighbours built as a complex. Again, can come in various bedroom, bathroom configurations. Can be as big as the traditional house and land (4 bedroom, 2 bathroom, double garage) but without the yard space to maintain. Perfect for the busy modern day family lifestyle! And unlike the Dual Occupancy House and Land you can just buy one townhouse in a complex. (Or more of course if you wish!!)
Detached villas are perfect for those downsizing or are on their own. They are very similar in size to duplexes but don’t share a wall with their neighbour. Detached villas are usually a part of a complex of others similar. Again can come in various configurations but 2 bedroom, 2 bathroom, single garage are increasing popular for our aging community.
A duplex usually has a wall right down the middle to create two residences. Generally they are fairly symmetrical and residence 1 is usually the same floor plan as residence 2 (just flipped in reverse). Again, can come in various configurations and handy to live in one and rent the other for extra income.
Apartments are very popular in the cities. They are large buildings consisting of many separate residences. A great option for those professional couples wanting to live in the city, close to where they work and play, without the maintenance of a yard. Some will have lovely balconies to entertain and relax on.
There are a number of different property options that can be found right around Australia, anytime of the year.
Contact us at Planning Property Wealth to decipher which type of property will suit your current investment plans and/or residency needs.
