Owning your own home has long been the Australian dream but after years of strong house price growth it’s becoming less of a reality for many. This has major implications for retirement planning.
The tax implications of redeveloping your property
It’s been a decade since the market crash known as the Global Financial Crisis (GFC) rocked the investment world. At the time investors could only watch in disbelief as 50% was wiped off the value of their shares.
The study of behavioural finance tells us people prefer a small certain reward today than a bigger uncertain one in future. That’s certainly true of share investors over the past decade.
They are marketed as being the optimum lifestyle choice for recent retirees, often in ideal locations with all the facilities for a stress free lifestyle. But with complex fee structures and inconsistent regulation, retirement village living should be approached with caution.