Last week the country’s major banks slashed their five-year fixed mortgage rates to 4.99%.
Not only are historically low cash rates driving down mortgage rates, but the big four banks are in a fixed rate mortgage war. This fierce competition is great news for mortgage holders.
Australia’s self-managed superannuation sector is unique. No other country allows hundreds of thousands of small, private pension funds to be run by members who also act as trustee
Professional investors are expected to easily outperform do-it-yourself investors. Yet new data suggests self-managed super fund trustees are doing very well on their own.
As a general rule you’ll need around $2 million in assets to generate $100,000 a year income for retirement.
RETIRING on $100,000 a year is not just for multi-millionaires and high flying executives. Ordinary Aussies can come close to this income in retirement after a full working life and regular extra savings.