According to a recent Household Financial Comfort Report more Australians are feeling strapped for cash and are being forced to dip into their savings to cover the rising cost of living. Perhaps you have been making additional mortgage payments to help you manage the ups and downs of life’s expenses and drawing on them when life gets tough or your circumstances change.
CoreLogic is the leading provider of property data, analytics and related services to consumers, investors, real estate, mortgage, fnance, banking, building services, insurance, developers, wealth management and government. Whether you are an avid property investor or about to leap into home ownership for the frst time, you should be keeping a close keen eye on the property market.
Whether you are a frst time property investor or a property portfolio owner, cash ﬂow is critical. There are many ongoing, and sometimes surprising, costs associated with holding investment properties. Numerous unending costs include insurance, body corporate/strata fees, council and water rates, property management fees, land tax, maintenance and repairs.
According to a recent ‘Super Shortage’ study, for Australians to live the retirement lifestyle they aspire to from 65, their savings will last just five years. With the average life expectancy of Australians being 82.5 years old, this creates a super shortage of 12.5 years.
Australians LOVE a holiday and while overseas travel is high on the list for many of us we are also blessed with an abundance of fabulous holiday destinations in our own backyard. For some of us, when we find a piece of paradise on home turf the lure of our own holiday hideaway is strong. Be honest! Have you ever checked out real estate prices at your favourite holiday spot?