Property
We think property is probably the most important part of your wealth management strategy. This is because it is hard to become financially secure without owning at least one property. If you can own more than one, things get even better.
We advise on all forms of property: residential homes, investment properties and commercial properties. And we don’t just advise on your own property, either. We often find ourselves showing clients the best way to help their adult kids buy homes.
We always start with your family home. We do this because the family home occupies a special place for most Australians. Our home ownership rates are amongst the highest in the world.
Residential property also occupies a special spot in Australian investment history. It is historically the highest earning asset class, with an average annual return of over 8% compounding in the 10 years to 31 December 2015, and 10.5% per annum in the 20 years to the same date (source: ASX Annual Investment Report June 2016).
Homes account for around 43% of all household wealth in Australia. And, pretty importantly, they give you a place to live as well.
And this is just family homes. When you consider the impact of investment properties as well, you find that being wealthy is really a matter of owning property.
This is why property simply must be a significant part of your financial plan. You need to decide what to buy, how much to spend, how to borrow (and how much) and how to repay the debt if you want to make property investment work for you.
Basically, your wealth starts with property and expands from there. That’s why we do, too.
Mari Nguyen
Principal Financial Adviser
Mari has over 15 years experience in the Financial Services Industry. She has completed a Bachelor of Business, Diploma of Financial Services and Advanced Diploma of Financial Services. Her passion for providing client focused advice allows her to structure tailored made financial plans for individuals, businesses and the self-employed. Her reward is seeing her clients realise their financial and lifestyle goals.
Mari Nguyen is an authorised representative (317240) of Australian Investment & Insurance Group Pty Ltd (AFSL 226405).
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Relevant Articles...
Evolving role of the Bank of Mum and Dad
Buying an affordable house in Australia is becoming increasingly difficult, and we have noticed more parents are helping their kids get into their own first homes. If you are in the fortunate position to help your children out and you are planning to do so, there are certain implications that you need to think about before proceeding.
When Mum and Dad are Bankers As Well
Recent estimates claim that the ‘Bank of Mum and Dad’ is Australia’s ninth largest lender. Given the state of house prices, this comes as no surprise. Most parents want to help their kids, especially with something as important as buying a home. But it is important that things be done correctly. There is such a thing as ‘the wrong way to help’ when it comes to one generation trying to help another.
