We understand it has been a difficult year with the various lockdowns we have had thrust upon us, and while we worked our way through the uncertainty, it is great to see how we have come through this and can now look forward to a brighter future.
Understandably many of our clients may have wanted to put off reviewing their investments and loans during these uncertain times. We urge all our clients to take full advantage of our Client Review program, to get a better perspective of where we sit in regard to our retirement planning.
Here are some of the many benefits from having a full review of your investment strategy and financial circumstances.
Reduced interest rate.
Australians are currently experiencing record low interest rates. Yet we are still seeing many of our clients with prehistoric mortgage products paying ridiculous amounts of interest.
A 1% reduction on a $400,000 home loan could save you as much as $4,000 a year in interest repayments.
Refinancing with a different lender.
On top of the money you could save with a reduced interest rate, many lenders are also offering financial incentives to encourage people to ‘jump ship’. In some instances, as much as $3,000. When combined with the interest in savings, that’s potentially $7,000 back in your pocket in the first 12 months.
Many of our clients who are electing to grow their investment portfolio are finding that the savings in refinancing alone cover the costs of owning an additional investment property.
Review your Super and Investments
Most of us with Superannuation in Retail or Industry funds would have seen the impact that negative movements in Share prices can have on our Super balances. In some cases we have seen Super balance reductions of up to 30%.
While we wait for the markets to recover, which they invariably will over time, it may be prudent to discuss your Super strategy with a licensed and qualified Financial advisor.
Please contact us and we’ll have a licensed Advisor from our Financial planning partners contact you.
Additional Investment Property purchase
Many of our clients are seeing the benefits of growing their property portfolios with additional Investment Property purchases. It makes perfect sense to be taking advantage of the current low rates to leverage into a cash flow positive investment property. Our clients can enjoy strong growth and significant tax savings on all our selected properties, with no out of pocket cost!
Book a complimentary review
For a comprehensive review of your current investments and finances please book here
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