Have you considered what you would need to retire comfortably? Many people would say that you need to own your own home and have money in the bank, which is absolutely true. However to enjoy your retirement you need to have a good income which continues after you have finished working and grows with inflation. After all, you need to buy food, you will still have bills and will probably want to travel and enjoy yourselves.

To have an income of say $40,000 per year in retirement you would need to have something of the order of a million dollars invested to adequately cover inflation. Even on a high income, you can not save that sort of money, but it is quite possible to achieve for even modest income earners with wise property investment.

If you purchased one investment property say every year to 18 months using the rental return and tax concessions effectively, then in ten years or less you could have six investment properties. With the capital growth (remembering that property has consistently doubled in value every seven to ten years), you could then sell two of the properties, pay off all existing loans, and have four fully owned residential properties. If each of these was rented out at only $250 per week then you would have an income of $52,000 per year, for life.

Sound far fetched? People are doing it all the time following methods described by Jane Somers and Margaret Lomas and others in their excellent books.

How do I find out more?

Disclaimer - The information provided is not advice. It is general in nature and may not apply in all cases. Past performance can not be relied upon as an indicator of future performance. All persons must rely on their own investigations.