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On this episode of The nestegg Podcast, host Maja Garaca Djurdjevic and three experts discuss whether owner-occupiers should withdraw from the property market, the effects of Tuesday blues on the ASX, upcoming super changes and more.

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Steve Waters, director of Right Property Group, chats about current property price movements and whether owner-occupiers are being priced out of the market.

RMIT’s senior lecturer of finance, Dr Angel Zhong, delves into the Tuesday blues effect and the implications for Aussie investors.

And lastly, tax and super guru Timothy Munro talks about upcoming super changes and shares his handy checklist ahead of tax time.

Have a question for our experts? Get in touch at [email protected] and you might get featured on the next episode.

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Are you being priced out of the market? Have you got the Tuesday blues? And are ...

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There is $17.5 billion in lost and unclaimed super across ...

Invest

This is why you shouldn’t sell your house until July

By Reporter

June 07 2018
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Invest

This is why you shouldn’t sell your house until July

By Reporter
June 07 2018

Aussie retirees with modest super sums and valuable properties have the most to gain from downsizing their property, provided they hold off until this moment.

Sell your property, property market, property investment

This is why you shouldn’t sell your house until July

By Reporter

June 07 2018
Share

Aussie retirees with modest super sums and valuable properties have the most to gain from downsizing their property, provided they hold off until this moment.

According to the director of Boutique Property Agents, Tolga Ozer, retirees who wait until 1 July stand to gain the most from selling their home.

That’s because from that date, retired Australians 65 and over will be able to funnel up to $300,000 from the sale of their primary residence into their super without any added effects to balance caps or contribution rules.

Mr Ozer said this means retirees with low super can build up their super without losing a significant part of their pension.

He said that with taper rates arriving at about $78 per $1,000 a year, a return investment of 7.8 per cent will leave retirees in the “best position”, thus justifying the choice.

“When looking at downsizing your property it is important that you do your research in understanding which category your financial status falls under,” Mr Ozer said.

“There are three groups of retirees that will benefit the most from this new scheme.”

He explained that the first group are those with a low super balance and a valuable home.

“If a couple only has a super balance of $100,000, by investing $300,000 into their funds they will see a return of an extra $16,722 per year, which pushes their overall income to $58,232,” Mr Ozer said.

Then there are those who can take advantage of the couple’s cap of $600,000.

“With this being the maximum amount couples are able to invest under the new scheme, by doubling the investment this will defray the pension loss,” Mr Ozer said.

Finally, he said retirees who have put too much into non-home assets and aren’t eligible for the pension are the third winners, “even if their super funds have more than the transfer balance limit of $1.6 million”.

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