If you don't already own a property, will you be able to before you retire from the workforce?

Will you own a property of your own before you retire? I'm 51 and have been renting for over 10 yrs. I once did own a property with my first ex-partner, but that was given away in seperation proceedings so my kids (who are now basically adults) didn't get kicked out of their home at the time.

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whowasthatmaskedman · 70-79, M

If you want a way to enforce saving, for the average person a property is a no brainer.. But if you have the discipline, property is no longer the best use of your cash . Once you crunch all the numbers you are better off investing in a low cost index fund and renting. You will end upo ahead in the long term and have the fredom to move from place to place without the hassle of selling up and buying elsewhere each time.

zonavar68 · 51-55, M

Yes superannuation (what in the USA is caled 401-k I think) is going to be my saviour too at the moment. Our government wants older Australian to keep working now until they're about 80. Work till we drop dead maybe. ;-)

UpForItNow · 22-25, F

@zonavar68 what I hope is I will be allowed to work to such an age, ie not forced out of the public service beforehand by redundancy or some other contrivance.

UpForItNow · 22-25, F

That's what superannuation is for I guess. It's the saving Grace for most of us divorcees, unless the ex-wife got her hands on it.

butterflymind1 · F

Own, but will probably not be able to afford living here when retirement comes

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