With the rising cost of living, these days a happy retirement can often need more than just the New Zealand Superannuation to sustain it, especially if you have plans to travel. So what are the benefits of property investing for retirement?
Provides A Low Risk Income
Statistics New Zealand estimates that if you want to retire at 65, you’ll need a plan to provide an income for the next 25 years or more. Investing money into property now will help you generate a constant, reliable income during your later years. Compared to other investments, property is considered a relatively safer investment with lower risk. It provides you with the opportunity to make long-term profits from two types of potential returns - long-term rental income and capital gain as property values rise.
It’s Easier To Invest
In many ways, it’s easier to get started in property investing because you don't need expert knowledge to invest, as it's easier to research and understand than stocks and shares where you need to understand the complexities of the stock market and trading.
Why Invest Now?
Investing is a learning experience – you’re more likely to be more successful if you expand at a good pace. Expanding property portfolios too quickly without a management system in place is a common trap many investors make, and can cause immense stress on resources and on landlords themselves when issues such as interest rate rises or tenant complaints occur. This can create a high workload for even the more experienced rental property investors in Wellington, which can cause stress and lead to selling otherwise good properties. Investing now will give you time to build a successful property portfolio, helping you create a reliable income for a more enjoyable and relaxing retirement.
Bottom Line
Investing in property is a great way to create a long-term, reliable income for your retirement, so there’s no need to hesitate.
If you’re interested in learning more about property investing and how our property managers can help you create a successful, passive rental income, give us a call. Discover how our Care & Return System will benefit you. Receive a no-obligation, FREE rental appraisal today for your Wellington investment property!
Call Jordan Atkinson - 027 297 0873
Quinovic Kent Terrace | Wellington
Call Allan Hartley - 027 522 9084
Quinovic Johnsonville | Wellington
Call Helen Vance - 027 487 8103
Quinovic Hutt Valley | Wellington