Investing in property is something that most of us think about doing, want to do or hope to do. However approximately only 20% of Australians actually do it.
Why is this still the case when we know:
our superannuation payout is only likely to pay out our mortgage on retirement,
our savings won’t be enough to live on in retirement, we will have to severely reduce our lifestyle AND more than likely require some form of government assistance,
we need to get ahead financially now, not later, and
property prices are very unlikely to be any cheaper in 10 years time?
Is it because:
we don’t know how to take the first step,
we are too scared to make a decision in case we get it wrong,
we don’t think we can afford it (although we’ve never investigated it with our mortgage broker to see if we can),
our friends and family tell us it’s a bad idea (and they would know because…?),
I’m only renting, so how on earth can I afford an investment property,
…or is it that we are STILL waiting for the right time?
Whatever the reason may be, there is more than one way to get started on the investment property ladder.
Read about a few of these options with my quick guide – “Save, Equity or Super?”
https://www.mortgageaustralia.com.au/email/files/savesuperequity.pdf