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Superannuation & Investment

Recent Activity

Jessie T.
Jessie T.
Katoomba, NSW
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Hi,
Just turned 60 and want to ask a question about my pension. My partner of 8 years and I have decided to go our own ways and we will look to sell a little investment property we have in Forster. It is 50/50 and probably sell for about $380,000, no debt.

I own my own home, about $640,000 so if I get $190,000 less costs from the sale, how will it affect my pension, thank you

3 months ago
Anthony M.
Anthony M.
Balgowlah, NSW
2 Likes
0 Followers

Hi, my mother has retired and wants to buy into a retirement village. She has no debt on her home and wants to look at renting her existing home until the property market picks up again. That means she will need to borrow against her home to buy into the retirement village. The rent should cover the loan. Our concern with what’s gone with the Royal Commission is will she be able to get a loan? If she has to sell her home that could take a while, or worse still, she gets a bad price in an under-performing market.

3 months ago
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