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FINANCE

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Can you afford to retire? Will you still have a mortgage when you do? WE SPOKE TO THE QUEEN OF PROPERTY, NIKKI CONNORS, ABOUT HOW YOU CAN DO BOTH…BY INVESTING IN PROPERTY. “Currently, about 40% of over-65s live off New Zealand Superannuation alone. Another 20% live off NZ Super and a small amount of savings. The reality is, we are going to have increasing numbers getting into retirement who will still have a mortgage on their own home. Divorce, redundancy, illness and business failure also mean a lot of people are approaching retirement with significant debt and end up with nothing in their 50s. Even if you buy a house at 35 and take out a 30-year mortgage to be paid off by 65, you might then have to work until 75 to save extra for retirement. About 54% of people aged 65 to 69 are still working either part time or full-time, and that is likely to grow in the future. Many will have to work longer because they need to. To get to $100k for a ‘no frills’ retirement you would need to put away nearly $50 a week after age 30 ….and for a comfortable retirement you would need to save around $200 a week to get to $400k.

“It is important that property investment is viewed as a business.” But did you know that just one investment property could be the key to having your mortgage paid off within the next few years and to having a supplementary income sooner rather than later? But don’t be fooled, investing in real estate is not an undertaking for the inexperienced. Like any investment or large financial commitment, it is important that property investment is

NIKKI CONNORS Principal of Propellor Property Investments

viewed as a business. You need the right advice and the correct structures implemented. 10 years ago, I saw a need for a credible and truly independent company that could help New Zealanders secure a passive income through conservative property investment. I have now been working with trusted professionals since 2009, giving thousands of clients the best advice and the best investment property to achieve their goals. The property investment model I have developed focuses on customer care and protection. I have lost everything in the past and I do not want that to happen to my clients. That’s why my company, Propellor Property Investments, is the only property investment company that puts together a strategy unique to each of our client’s situation, ensuring their short, medium and long term goals are identified and then achieved. This is not about Real Estate – this is about using property as a vehicle to get where you want to be in the next 10 - 20 years. Therefore the profile of what is the right property for you is supremely important. A Real Estate company cannot give you the correct advice on whether a property is right for you. Why? Because they work for the vendor – not the investor.

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Eye Collector's Edition 1  

Eye Collector's Edition 1