I am handy around the house, but it is quite scary thinking about the amount of effort and hours that need to be put into it. Can you convince me that this is really the right time to buy a house? | OPINION money propertymarket
I know that real estate agents like to hang photos of bearded old men on the wall, captioned “he waited for house prices to fall” but I suggest you wait and see what happens when interest rates start to rise.
I am a 55-year-old a professional woman earning about $116,000 a year. I am debt free, having paid off my home. I have $245,000 in a retail super fund and $220,000 in the State Authorities Superannuation Scheme defined-benefit scheme, to which I can no longer contribute but maximise contributions to the retail fund. I have $45,000 in savings. I intend to work full-time until at least age 67. I want to maximise my retirement savings. Should I borrow to invest? M.M.
I am 49 years old, healthy, single and working in IT at a big bank, earning $235,000 a year. I’m expecting an inheritance and also thinking of extending my mortgage to the maximum amount – which would be another $525,000 at a Loan-to-Valuation Ratio of 80 per cent – to help me do one of three things: 1. Buy a business and change my job; 2. Buy an investment property; 3. Buy exchange-traded funds . What do you think? J.M.
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