How Baby Boomers Can Have a Healthy Retirement.

Having a healthy real estate portfolio is the end goal of most people. With a healthy nest egg life can be enjoyed, so making sure your portfolio can help you through your golden years is a must. So what can you do to ensure your portfolio stays profitable for as long as you need it?

Buying the right property in the right location is a must. Concentrating on properties that provide a long term tenancy is the key. This means lower vacancy rates, less maintenance and less outgoings. A long term tenant will generally look after the property as if it were their own, and as a general rule of thumb, a family will take a much longer lease than younger couples who move around more, hence less vacancy rates.

However potential odds are stacked against retiring Baby Boomers according to RiskWise property Research. With the ever looming threats of government restrictions, as well as the chance that, if a Labor government wins a major election, then negative gearing and capital gains tax could well change the investing landscape.

Finding properties with capital gains growth and strong long term rental demand is the key. These properties will be attractive to families and will be in shorter supply which will result in a higher possibility of a rise in price especially in Sydney, Melbourne and South East Queensland. However Adelaide too is now experiencing a solid price increase of 5%pa and with rental demand remaining high especially throughout the Adelaide Hills, Adelaide and the Adelaide Hills offers secure investment opportunities. With a 5% return on investment as a minimum and capital gains of 5% or more, holding property long term will pay off and provide a healthy income.

Properties close to facilities and within school catchment zones offer stability to your portfolio. The aim is to purchase with the long term goal in mind. Buy, hold and reap the rewards. Grow your property nest egg and retirement can be as fruitful as your working life!

For further information on growing your retirement income visit; https://www.moneysmart.gov.au/superannuation-and-retirement/retirement-income-planning

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