Retirement Shortfalls in Australia And Why Real Estate May Be The Saviour
Research shows that only one in 10 Australians currently invest in residential property as a vehicle for wealth creation.
Furthermore statistics also show that less than 10% of Australians are retiring in a similar or better financial position than pre retirement
According to the Commonwealth Bank on their website Commbank.com.au when it comes to wealth creation for Australians' residential property remains the number one asset, accounting for $4.4 trillion of our wealth."
In comparison to other asset classes, the bank states that superannuation accounts for $1.5 trillion, Australian listed stocks $1.3 trillion and commercial real estate $0.7 trillion.
Based on the above figures one could assume that these are strong indicators that the average Australian family feel safe in bricks and mortar compared to a managed fund or share portfolio.
Over twenty years experience in most sectors of Real Estate and in particular working closely with new investors for the past five years provides the author with an insight into what stops people moving down the track of property investment.
Generally there were three repeating themes that appeared when questioning people on what was stopping them from investing in Australian Residential Property.
