Last time we dealt with what we believe to be the more speculative market of crypto currency, now we will have a look at a market that most Australians have the greatest amount of their wealth tied up in residential property.
One strategy that a lot of potential retirees have concentrated on has been to sell their city home and move to a more affordable location. The onset of the pandemic has seen the second- tier large cities also increase in value and some rural locations have experienced even greater growth. Although this is still a valid strategy, the gains to top up the retirement balances have been somewhat diminished.
We don’t believe in predicting markets but shorter-term insight is always valuable if you are considering a transaction.
Transactions of this magnitude should be logically staged out. We can assist you with forecasting the effects on your retirement or other objectives.
https://www.afr.com/property/residential/sydney-house-prices-grew-1000-a-day-in-2021-20220103-p59lgx
General Advice Warning
This article does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions.
