Are you approaching retirement, and you are unsure that your Superannuation will be enough? Why not consider investing in property to supplement your retirement?

As we are living longer, and the percentage of ageing population is growing (The government’s 2007 Intergenerational Report predicts that over 65's will make up a quarter of the population by 2050), and life expectancies are expected to continue to increase from their current averages of 79 for men and 84 for women.

When you consider that your Superannuation fund may have to cover 15 or 20 years of post-retirement, then the current average Superannuation fund size at retirement seems lacking at just $75,000. If you live for 15 years after retiring, that’s just $5,000 a year – or a measly $3,750 per year if you live for 20 years after retiring.

Considering this, there is an opportunity for pre-retirees to consider supplementing their income, and later retirement, with property. After all, as people live longer, it’s possible for them to enter the property market later and still reap the benefits of a full property cycle. That’s also conditional on being able to fund those purchases, of course: banks are increasingly concerned about lending money as borrowers get older. However, the advent of self-managed super funds has opened up a new angle on property investing– and one that potentially promises tax-free gains from those properties. Contact Home Loans Australia today on 1300 466 369 to discuss the possibilities of investing in property.