Property Archives • 60+Club

Pensions Loan Scheme for older Australians who are asset-rich but income-poor

Posted on January 26, 2020 by 60+Club

Pensions Loan Scheme for older Australians who are asset-rich but income-poor The Pensions Loan Scheme (PLS) is broadly available to retirees of Age Pension age who own Australian property and meet pension eligibility requirements. The PLS is a scheme that lets older Australians get a voluntary non-taxable fortnightly loan from the Australian Government, which can

Posted in Money & Financials, Property

Australia’s top performing suburbs across each capital city for 2019

Posted on January 2, 2020 by 60+Club

Australia’s top performing suburbs for 2019 for house & units 2019 will go down as the year when new records were set. For 2020, we’re likely to see markets in recovery mode as housing prices catch up and then overtake their previous record highs, however we expect the rapid rate of capital gains seen over

Posted in News, Property

Rules for Over 65s Super contributions after selling your home

Posted on December 16, 2019 by 60+Club

Rules for Over 65s Superannuation contributions after selling your home From 1 July 2018, individuals aged 65 years and over are able to make personal contributions into your super of up to a ‘cap’ of $300,000 using the proceeds from the sale of your home. The is referred to as a superannuation downsizer contribution. In

Posted in Money & Financials, Property

Australia’s top performing suburbs across each capital city for 2018

Posted on February 22, 2019 by 60+Club

Australia’s top performing suburbs for 2018 for house & units On what has been a turbulent year in housing market movements throughout 2018, Corelogic has released their annual report Best of the Best, for 2018. The Corelogic Best of the Best 2018 report provides an in depth review of housing values based on all data

Posted in News, Property

Over-65s dodge Downsizing Rules contributions using investment property

Posted on July 6, 2018 by 60+Club

Over-65s dodge Downsizing Rules contributions using investment property July 2018 marks the start of the downsizing rules that may help you sidestep the ever-shrinking superannuation contribution caps. But in what will come as a surprise to many, investment property may be eligible for the $300,000 downsizing superannuation contribution under certain circumstances. But beware: if you

Posted in Money & Financials, Property

Bank of Mum & Dad loans jump 25% as banks crackdown

Posted on June 10, 2018 by 60+Club

Bank of Mum and Dad loans jump 25% as banks crackdown Lending by the Bank of Mum and Dad has increased by 25 per cent to about $20 billion in the past 12 months as banks’ raise rates, increase minimum deposits and toughen repayment terms and conditions. And as the RBA governor Philip Lowe and

Posted in Money & Financials, News, Property

What are Manufactured Housing Estates (MHEs)?

Posted on October 23, 2017 by 60+Club

What are Manufactured Housing Estates (MHEs)? Over the last few decades the manufactured housing industry within Australia has progressively transformed from a primarily holiday accommodation caravan park setting to an increasingly diversified mix of affordable permanent housing. Technological advancements in manufacturing have been a catalyst behind demand growth. The distinction between a MHE home and

Posted in Lifestyle, Property

The rising popularity of Manufactured Housing Estates (MHEs) for the Over 50s, 60s & Retirees

Posted on October 16, 2017 by 60+Club

The rising popularity of Manufactured Housing Estates (MHEs) for the Over 50s, 60s & Retirees Today, Manufactured Housing Estates (MHEs) are the largest and fastest growing target market within the seniors living spectrum. There is a shortage of supply of affordable senior’s accommodation and a growing demand for such affordable houses, as house prices continue

Posted in Lifestyle, Property

Where do most of our baby boomers live in Australia?

Posted on October 10, 2017 by 60+Club

Where do most of our baby boomers live? The Australian Bureau of Statistics (ABS) recently published population estimates by age and sex and locality, which provides an opportunity to look at what areas are most popular with Australian’s aged 65 years and over. It’s no surprise to see a more retirees moving away from city

Posted in Lifestyle, Property

Baby-boomer parents push prenups to keep property in the family

Posted on September 11, 2017 by 60+Club

Baby-boomer parents push prenups to keep property in the family “We would like to give you $700,000 to help you to buy a house, but we want you to sign an agreement to make sure that if something happens to you and [insert name of partner] the money stays with you.” Thanks to the unprecedented

Posted in Property

New Aged Care Information & Data Platform in Australia

Posted on September 5, 2017 by 60+Club

A new one-stop shop for data and information about aged care services in Australia was launched recently in Canberra. NARI Executive Director Associate Professor Briony Dow, who was part of the Aged Care Data Advisor Committee, was in Canberra for the launch by Minister Ken Wyatt. “GEN is a user-friendly website which should be useful

Posted in Health, Lifestyle, Property

Where are the most popular retirement regions in Australia?

Posted on September 4, 2017 by 60+Club

Where Are The Most Popular Retirement Regions in Australia? The Australian Bureau of Statistics (ABS) recently published population estimates by age and sex which provides a timely opportunity to look at the housing market performance of those council areas nationally which are most popular with over 65’s. Queenscliffe in Victoria was the council region that

Posted in Lifestyle, Property

Aging parents with lots of stuff, and children who don’t want it

Posted on August 30, 2017 by 60+Club

Aging parents with lots of stuff, and children who don’t want it Mothers and daughters talk about all kinds of things. But there is one conversation Susan Beauregard, 49, of Hampton, Conn., is reluctant to have with her 89-year-old mother, Anita Shear: What to do — eventually — with Mrs. Shear’s beloved set of Lenox

Posted in Property

Retirees downsizing is good in theory but doesn’t appear to make fiscal sense in practice

Posted on August 30, 2017 by 60+Club

Retirees downsizing is good in theory but doesn’t appear to make fiscal sense in practice Earlier this week the Sydney Morning Herald ran an article entitled Scott Morrison urges retirees to ‘free up larger homes for younger families.’ As I read the article, the logic seemed sound to me but the thought that kept popping

Posted in Property

Financial abuse of elderly parents on the rise as housing becomes more unaffordable

Posted on August 30, 2017 by 60+Club

Financial abuse of elderly parents on the rise as housing becomes more unaffordable Parents are increasingly being bullied into downsizing prematurely and even threatened with not being able to see their grandchildren if they don’t give their kids an early inheritance to allow them to enter the housing market, it’s been claimed. Following Fairfax Media’s

Posted in Property