The Property Academy Podcast How many properties do you need to retire comfortably? ⎥ Ep. 1915
Dec 8, 2024
Discover the secrets to retiring comfortably through property investment. From understanding the old rule of needing ten properties to today’s updated strategies, the hosts explore two wealth-building approaches: the nest egg and the golden goose. They dive into how mortgage-free status enhances rental income and demonstrate real-life case studies for different income targets. Plus, learn about transitioning from growth to yield properties and why seeking professional advice is crucial. Tune in for insights on navigating the property market for a secure retirement!
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How Much A 'Choices' Lifestyle Costs
- Massey University's 'choices' lifestyle for two in main NZ cities is about NZD 86k per year.
- NZ Super reduces the property income you need, typically by about NZD 32k–34k for a household.
Sell To Become Debt-Free
- Do consider selling growth assets later to pay off mortgages instead of trying to repay every loan manually.
- Use capital gains from some properties to free you from debt and convert remaining holdings into yield assets.
Switch From Growth To Yield
- Transition from growth to yield properties as you near retirement to maximise income.
- Target properties like dual-key or boarding houses to lift net yield when you need cashflow.
