Create the life you want
ABC News has broadcast very interesting research findings regarding mortgage stress for Australians. There is trouble brewing for property prices in Australia. This is great news if you plan to buy and maybe not so good if you plan to sell.
Whilst we don’t anticipate any significant rise in interest rates, it is certain that the RBA wants and needs them to return to their long term averages (about 3% higher than where they are now) to make Australia more competitive. You can see in this article what this will do in your local area.
I believe we have seen the peak of this Australian property bull market so ‘last call’ for any property selling at these epic prices now until the next cycle comes around which may be some time.
FYI the Government has launched a new incentive for Australians over 65 from 1 July 2018 to be able to sell the family home, downsize to a smaller home and contribute up to $300,000 each to super where you would otherwise not be able to contribute to super at all to start or add to a tax free pension.
CLICK HERE to read the article
