A recent article by News.com.au really caught me by surprise.
In the article, the MLC Quarterly Australian Wealth Behavior report/survey suggests that most Australians think they need about $818,000 in savings and investments to retire. However most people expect to only have $557,000 available to them when retirement comes – a clear shortfall.
So why am I surprised? Because according to the article, Australians are forgetting to factor in their most important retirement asset.
In a world where generic real estate queries are just one Google search away, it’s nice to know that there are still people out there who can give you personalised real estate investment advice.
Before buying any property, you need to be well-informed about your personal options. Your financial capacity, the property’s investment potential, among others.
I’ve listed five essential people you should seek advice from before making a property investment:
When talking about the requires a lot of strategic planning.
A lot of potential property investors fall prey to under planning and fail at the venture. Some people tend to see buying and selling a property as a get rich quick scheme, only to find out later how much strategy and work is involved in making it work.
While there is no such thing as a hundred percent risk-free investment, there are ways to make sure that you can have an advantage in the market.
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