Search ResultsShowing 1 - 10 of 100+ results for "Homes"
Downsizer contributions skyrocket
KARREN VERGARA  |  TUESDAY, 9 JUL 2019
... pressure on housing affordability. Since commencing on 1 July 2018, 65 year olds and older could sell or downsize their homes and contribute proceeds of up to $300,000 to their superannuation. Members will have 90 days after settlement to make the ...
Industry funds surge ahead in satisfaction
KANIKA SOOD  |  MONDAY, 8 JUL 2019
... survey which is based on in-depth interviews conducted face-to-face with over 50,000 consumers per annum in their homes, including over 30,000 with superannuation. The latest results are based on interviews conducted in the six months to May ...
More Australians retire with big mortgages
ELIZABETH MCARTHUR  |  FRIDAY, 14 JUN 2019
... ratio has blown out, Wood explained: "Property prices have surged ahead of incomes, [meaning] that Australians buying homes have had to borrow more relative to their incomes." "Increasingly, younger Australians are delaying their first purchase ...
University to probe reverse mortgages
KANIKA SOOD  |  TUESDAY, 11 JUN 2019
... to find why their uptake has been slow in Australia. Reverse mortgages allow retirees to borrow money against their homes to supplement their retirement income. From July 1, they will be available to a wider set of Australians after changes ...
Navigating the new Pensioners Loan Scheme
KANIKA SOOD  |  THURSDAY, 6 JUN 2019
... Scheme, says AMP. The scope of the Pensioners Loan Scheme, which allows older Australians to borrow money against their homes to supplement their income while in retirement, was expanded in last year's budget following calls from the industry ...
Former Gold Coast adviser banned
HARRISON WORLEY  |  MONDAY, 3 JUN 2019
... to the corporate regulator, advice reviewed during Renneberg's tenure at Austplan shows he received referrals from GM Homes Australia to help their clients purchase investment properties through SMSFs he would help establish. In doing so ...
Compulsory super detrimental: Research
ELIZABETH MCARTHUR  |  WEDNESDAY, 29 MAY 2019
... and 35-44 age cohorts. CIS said few Australians save for retirement because they trust their super balance will be there - but saving for a deposit actually is saving for retirement given how much better off those with homes are than those without.
Australia's wealth takes half trillion hit
HARRISON WORLEY  |  MONDAY, 15 APR 2019
... to Roy Morgan's latest Single Source Survey, the gross personal wealth of Australians (including owner-occupied homes) is currently around $9.78 trillion. However, in September last year the figure stood at more than $10.2 trillion. The ...
New retirement loan launches
KARREN VERGARA  |  WEDNESDAY, 6 MAR 2019
... loan ranges from $50,000 to $550,000. It charges a variable 5.9% interest rate per annum and 1.5% establishment fee. Homes must be fully paid and is the principal place of residence. The untapped home equity market owned by Australian retirees ...
Markets could delay retirement plans
KANIKA SOOD  |  MONDAY, 17 DEC 2018
... research by Roy Morgan found Aussies would retire with an average gross wealth (total assets excluding owner-occupied homes) of $331,000 - 40% higher than 2008 balances of $237,000. In 2018, superannuation represented 69% of the gross wealth of ...
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