"Historically, we would see people get into their 50s, and in some cases their early 60s, and only start asking the question then about whether they are actually in a position to retire," - Gareth Croy
“That increased percentage of their income going to rent just means that there’s less at the bottom line to save,” - Gareth Croy
Your Future Strategy managing director Gareth Croy echoed this, saying the scheme was drawing first home buyers into “really large mortgages”.
“It has become increasingly harder for a single person to buy on their own because a single income doesn’t give them the borrowing power,” he said.
In a recent interview with 10 News, Gareth shared how “being asleep at the wheel” can stop you from making the most of the wealth you’ve already built.
Speaking on Sky News, Gareth discusses the upcoming changes to the Home Guarantee Scheme and what it could mean for your future.
New data showing that homeowners are, on average, six times wealthier than renters in retirement.
“Superannuation is just a vehicle – it’s not the destination,” Gareth says.
Australians looking to crack the property market can do so from today with a 5 per cent deposit, but there are concerns the scheme could backfire.
“Property prices have got to a point with servicing capacity that those who might have done it on their own in the past are just priced out with borrowing capacity,” Gareth Croy
Speaking on 9News, Gareth discusses investing in non-traditional assets and what makes them so appealing for investors.
"We've got more people coming into the market and basic economics says that we're going to end up with price increases because of it..." - Gareth Croy
Young Aussies are no longer waiting until later in life to enjoy retirement, with a new trend seeing many of them stopping work before they are even out of their 20s.
The ‘micro-retirement’ trend is increasing in popularity, particularly among Gen Z and Millennial workers, seeing them turn away from the traditional retirement model that heavily relies on superannuation.
'We are looking at a generation of Australians who could be lifelong renters, even in retirement, which is not something we've seen before.' - Gareth Croy
"I haven’t seen people actively engaging in this conversation as they have in
the last 12 months,” - Gareth Croy.
The following article was taken from Money and Finance Magazine, published on Tuesday, 30th July. Read the article in full below
The following article was taken from Money and Finance Magazine, published on Tuesday, 30th July. Read the article in full below
Gareth speaking to 7News about Brisbane's Low to Medium Zones
As home prices hit their highest levels on record, one trend is rapidly gaining traction, giving hope to buyers priced out of where they live in.
The following article has been taken from The Australian Financial Review, published Friday 18th July. Read the article in full…
The following article has been taken from The Australian, published Monday 16th June. Read the article in full here
The following article has been taken from Business Daily Media, published Thursday 31th July. Read the article in full here.
The following article has been taken from The Australian, published Friday 20th May, and features Simon Podger, Director of Lending….
Government Super Backflip | In The Media
"The government has made it clear that they don't want to see Superannuation used as a multi-generational wealth transfer..." - Gareth Croy