Investing in property to maintain a lifestyle post-retirement
Michael and Sally are in their 50s, and as retirement draws nearer they don’t think their superannuation is sufficient for them to maintain their lifestyle. As their house is nearly paid off, they want to avoid selling it.
Access equity to invest in properties
Increase borrowings on a lower LVR to access more favourable rates
Set up for medium term capital growth
Our Proposal
Intuitive Finance recommended that whilst Michael and Sally’s earning capacity was still strong, they use the equity from their home to increase their borrowings on that property to a lower LVR of 65%. This lower LVR meant that they would be able to hold and maintain properties well into their retirement, and write a new loan at more favourable rates at the same time. The equity unlocked by doing so could be used to purchase 1-2 quality properties also at reduced LVRs, giving them the opportunity to generate capital growth over the medium term, while providing rental income to cover most of the increased funding requirements of the new debt.
The Outcome
Michael and Sally were able to comfortably purchase an investment property and were surprised at how easy it was to do so. They now have two investment properties allowing them to enjoy the finer things in life well into retirement.
with clients all over Australia and around the world. Andrew has over 30 year’s experience in the finance industry and has assisted clients to secure over $2 Billion in mortgage lending over his time. Intuitive Finance deals with all aspects of lending from helping first homebuyers, someone wanting to upgrade their home or starting out and experienced investors looking to secure that next investment property, we can assist with all those requirements. We also specialise in working with self-employed clients and getting them the best outcomes, along with Commercial and Asset finance solutions. Intuitive Finance is highly regarded in the industry and has been recognised as a national winner of the MFAA customer service award and also one of the finance industry’s top mortgage employers. Our brokers also feature regularly in the Top 100 mortgage brokers list in Australia.
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