PROP052 Purchasing a property later in life (521 words)

Regardless of whether a person already owns a home or they’re buying for the first time, this article presents issues to consider when buying later in life with a focus on seeking early financial guidance.

Home ownership continues to be our Great Dream, yet according to Domain.com.au, many of us are investing in bricks and mortar much later in life. So, what does it take to bring this dream to life with retirement looming?

There are many reasons you might purchase a home later in life: perhaps you’re starting fresh post-divorce, or you own a home and have decided to buy a second property to help out your kidults.

Regardless, it comes down to the same thing: knowing what you’re getting into and being ready.