Australian
households have lost 36% of their financial wealth
since the economic crisis began. It will take years
to get back to where we once were. The good news
is there is a way to catch-up lost ground.
$459 billion is the amount wiped off the value
of Australian households in the period September
2007 to March 2009.The picture could be even
worse, as superannuation losses are not included
in the above total.
The major cause of these losses was the collapse
of the share market, and financial wealth per
household has dropped from $159,000 to just
$98,000. Let’s look on the bright side and assume
we all get back to where we were within 3 years.
The average family will then be in the same position
in July 2012 as they were in 2007. This means
5 lost years on the road to the financial future.
People who didn’t have enough to start
with will have stood still and have 5 years fewer
to accumulate funds for the future. Now more than ever before, you need a catch-up
strategy to recover lost financial ground and
to position yourself for future growth. Investment
property can do just that, without the pitfalls
and risks of the share market or exotic investment
schemes.
If you are worried about how much ground you
might have lost in the past 2 years, contact
us on (02) 9687 3601 for
a no-cost, obligation-free introductory meeting. We will help you to clarify
your position, work out your priorities, set
clear financial goals, and develop a strategy
to get you there.
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