The great Australian dream of owning a home has been given a boost in recent weeks with interest rates at record lows and the Government announcing a raft of measures to assist first home buyers. Despite this, buying a home is still a huge task for many aspirational homeowners. Quite often coming up with the deposit to purchase an inner-city property, and the cash flow to service a large mortgage is certainly not easy.
We enjoyed sharing the answers on how to create and enhance family wealth with our clients at a recent seminar. For those who missed it, here is a small snapshot of what we touched on. For greater detail on the specific strategies please connect with us
The current life expectancy is 84.5 years for men and 87.3 years for women. That means, on average, if you retire on your 65th birthday, you will need your retirement savings to last between 20 to 23 years. For this reason, it is important to consider your retirement strategy as soon as possible. I have outlined below what I believe to be the key steps in reaching your retirement objective.
With property prices continuing to soar, and lending criteria getting tougher; parents are increasingly seeking to assist their children to get a foot on the property ladder. MD Andrew Hewison discussed the options available during a recent multi-generational wealth session.