Client: Divorce, Single, 50 years old, renting a unit
Property purchased using his super, off the plan at $599,000 (discounted, June 2024) now it is $635,000, I was told. Completion 2026.
This client with one income will not be able to purchase any property right now as he didn’t really have much personal savings and borrowing capacity is short. The best thing that happened to him is when I asked how much super he have and told me it’s $300K, Wella!!!!! Problem solved!!! Assessed his capacity through SMSF lending and he qualifies. Next, I’ve asked him to go and see the financial planner for super advice and to set up his SMSF. And he did, so now he had secured the 2BR unit in Blacktown (completion 2026) that is so close to transport and all amenities. A roof over his head he had secured upon retirement! Remember peeps, if you will be renting when you retire, living comfortably will be a real challenge. A roof over your head is a must for a decent retirement. For this particular scenario, he will have a pension and his remaining superfund that he will continue to contribute until retirement for living expenses.
Honestly, I so love my job as I love solving problems for my clients. Sooooo Rewarding!!! Please, please connect with me, if you want to secure your retirement future!!!
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