Retirement
How younger Aussies can get ahead through property
Younger investors who are looking for financial independence should take advantage of low interest rates and the power of leveraging, suggests an industry expert.
How younger Aussies can get ahead through property
Younger investors who are looking for financial independence should take advantage of low interest rates and the power of leveraging, suggests an industry expert.

In conversation with nestegg, Pure Property Investment managing director Paul Glossop discussed strategies younger investors can use to achieve their financial goals through the property sector.
Mr Glossop suggested investors might be unaware of how much they need to retire, with the first step towards financial independence being calculating expenses of their ideal lifestyle.
“Most people get a bit too arbitrary about what they need and throw out the standard ‘I need 100 grand passive income’, and that number can be too much or too little for many people,” Mr Glossop said.
The second step is figuring out how to have a blended strategy to grow the portfolio while paying down debt, Mr Glossop said.

Mr Glossop suggested investors should take advantage of time by exposing themselves to property as soon as they can, provided the numbers align.
“If you do maximise your leverage, recycle, beg, borrow, steal to get as much exposure to good-quality growth assets that have decent cash flows in the early stages because the ability of that to compound and turn into so much more in a short period of time,” Mr Glossop continued.
Depending on where investors start, Mr Glossop suggested the biggest hurdle is getting the deposit together, with investors often waiting years to save up to a 20 per cent deposit.
“The challenge is rarely time; the challenge is getting your hands on a deposit. The bonafide strategies I have seen are accessing equity or guarantor loans,” he said.
“The other part is sacrifice and use lenders mortgage insurance for what it’s good for in the early stages.
“I think people often think they need a 20 per cent deposit available to buy that first investment.”
Property investors should also get creative and look to buy beyond their city, with big markets not necessarily being the best markets to buy in.
“It doesn’t mean because you’re not buying in a city you’re not producing outcomes. It has to be very specific at what you’re trying to achieve as well as where your budget sits.”
To ensure growth in your portfolio, the property investor suggested taking advantage of “the most powerful and unique part of property in this country which is leverage”.
Finally, Mr Glossop advised investors the best way to get ahead is to discuss their situation with an expert as early as possible.
“Inquiring and getting that understanding of what can happen today as opposed to thinking about getting to this milestone before doing something,” he said.
That conversation might not mean you’re going to buy a property tomorrow, but it might mean you get some realistic and time-bound goals, Mr Glossop concluded.
About the author

About the author


Retirement Planning
Majority of Australians anxious about retirement as super knowledge gaps persist, report finds
A new study by Aware Super has revealed that a significant majority of Australians aged 45 and over are feeling anxious about retirement, with nearly nine in ten respondents concerned they will run ...Read more

Retirement Planning
AMP’s MyNorth Lifetime boosts financial security and retirement income
AMP has reported that its MyNorth Lifetime retirement income solution is delivering significant financial benefits to retirees, with an average uplift of 50% in total income. Read more

Retirement Planning
Retirement living sector calls for planning reforms amid declining construction confidence
The Retirement Living Council (RLC) is urging governments to streamline planning systems to boost housing supply, following a decline in confidence in age-friendly construction activity. Read more

Retirement Planning
New laws to boost women's retirement savings through paid parental leave
The Australian Parliament has passed new legislation that will see superannuation guarantee contributions paid on the Commonwealth Government's Paid Parental Leave (PPL) scheme. Read more

Retirement Planning
Planning systems under scrutiny as Australia's ageing population grows
The Retirement Living Council (RLC) has called for governments to address planning system shortfalls in preparation for Australia's ageing population, following the release of new data from the ...Read more

Retirement Planning
Retirement Living Council calls for focus on seniors' housing as population ages
The Retirement Living Council (RLC) has urged governments across Australia to prioritise age-friendly housing solutions in response to new data revealing an ageing population. Read more

Retirement Planning
Macquarie University study reveals benefits of guaranteed income in retirement
A new study by Macquarie University's School of Psychological Sciences has found that mental health, enjoyment, and financial security are key benefits of incorporating guaranteed income and annuities ...Read more

Retirement Planning
Retirement villages offer affordable housing amid market crisis, study finds
Retirement villages are providing a significantly more affordable housing option for older Australians compared to the traditional property market, according to new data released today. Read more

Retirement Planning
Majority of Australians anxious about retirement as super knowledge gaps persist, report finds
A new study by Aware Super has revealed that a significant majority of Australians aged 45 and over are feeling anxious about retirement, with nearly nine in ten respondents concerned they will run ...Read more

Retirement Planning
AMP’s MyNorth Lifetime boosts financial security and retirement income
AMP has reported that its MyNorth Lifetime retirement income solution is delivering significant financial benefits to retirees, with an average uplift of 50% in total income. Read more

Retirement Planning
Retirement living sector calls for planning reforms amid declining construction confidence
The Retirement Living Council (RLC) is urging governments to streamline planning systems to boost housing supply, following a decline in confidence in age-friendly construction activity. Read more

Retirement Planning
New laws to boost women's retirement savings through paid parental leave
The Australian Parliament has passed new legislation that will see superannuation guarantee contributions paid on the Commonwealth Government's Paid Parental Leave (PPL) scheme. Read more

Retirement Planning
Planning systems under scrutiny as Australia's ageing population grows
The Retirement Living Council (RLC) has called for governments to address planning system shortfalls in preparation for Australia's ageing population, following the release of new data from the ...Read more

Retirement Planning
Retirement Living Council calls for focus on seniors' housing as population ages
The Retirement Living Council (RLC) has urged governments across Australia to prioritise age-friendly housing solutions in response to new data revealing an ageing population. Read more

Retirement Planning
Macquarie University study reveals benefits of guaranteed income in retirement
A new study by Macquarie University's School of Psychological Sciences has found that mental health, enjoyment, and financial security are key benefits of incorporating guaranteed income and annuities ...Read more

Retirement Planning
Retirement villages offer affordable housing amid market crisis, study finds
Retirement villages are providing a significantly more affordable housing option for older Australians compared to the traditional property market, according to new data released today. Read more