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Showing 201 - 210 of 498 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 contribution ...

Industry funds surge ahead in satisfaction

KANIKA SOOD  |  MONDAY, 8 JUL 2019
... Source 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 2019 ...

More Australians retire with big mortgages

ELIZABETH MCARTHUR  |  FRIDAY, 14 JUN 2019
... debt-to-income 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 ...

University to probe reverse mortgages

KANIKA SOOD  |  TUESDAY, 11 JUN 2019
... mortgages 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, including ...

Former Gold Coast adviser banned

HARRISON WORLEY  |  MONDAY, 3 JUN 2019
... According 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, Renneberg ...

Compulsory super detrimental: Research

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 MAY 2019
... 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
... According 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
... The 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 is ...

Markets could delay retirement plans

KANIKA SOOD  |  MONDAY, 17 DEC 2018
... Recent 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 ...