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Property helps boost retirement savings

By James Brown

Retirement is a reality that every Australian will eventually have to face, but with the population ageing, pensions might not be sufficient enough to provide an income.

As a result, ING Direct found that people are turning to alternative sources to ensure they have enough cash in retirement, including investing in property.

Out of those polled, 13.2 per cent said they expect to receive an income from their real estate investments once they reach retirement age.

John Arnott, executive director of customers at ING Direct, explained that superannuation apparently isn't enough to give retirees the financial support they need.

"Working Australians are contributing almost one tenth of their salary into super every year," noted Mr Arnott.

"That's a significant investment over a working life and yet people still have limited belief in their super to support their retirement."

If you're hoping to invest in property in Bellmere to give your retirement savings a boost, make sure you speak to the team at Ray White Caboolture.

We're here to help you through every stage of the purchasing process and can even lend a hand with property management once your investment is up and running.

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