Introduction:
I recently had the pleasure of participating in the REIV Buyers’ Agents event, where real estate professionals, buyers’ advocates, and vendors’ advocates came together to explore the latest updates and insights in real estate, retirement living, and financial considerations. In this blog post, I, Shaun Ganguly, will share key highlights from the event, including discussions on real estate as an investment vehicle, the implications of holding real estate in later stages of life, and insights from industry experts.
Real Estate as an Investment Vehicle:
During the event, we delved into the potential benefits of real estate as an investment vehicle. The audience, consisting of experienced real estate professionals, acknowledged the value and stability that real estate investments can provide. We discussed recent changes to superannuation rules, emphasizing how investing in a tax-free environment can help clients retain more of their money and minimise tax liabilities. It was exciting to witness the collective recognition of real estate as a viable option for long-term financial growth.
Implications: Care, Taxation, and Centrelink Rules:
A significant part of the event focused on exploring the implications of holding real estate in later stages of life. We examined how real estate decisions can impact care, taxation, and Centrelink eligibility. Attendees gained insights into various options available for individuals considering Aged Care, home care, and the complex web of Centrelink rules. It was eye-opening to witness the potential financial opportunities and stability that proper real estate planning can offer.
Insights from Industry Experts:
Notable industry experts shared their insights at the event, adding tremendous value to the discussions. Craig Bardrick, CEO of BASSCare, a leading provider of Aged Care services, provided valuable knowledge on different care options and highlighted notable facilities such as Faversham House and other locations in Canterbury. Paul McDowall, Managing Partner at One Fell Swoop, discussed their latest projects, including collaborations with prominent organisations such as Bolton Clarke, Rylands, Strathalan, and Baptcare. His presentations shed light on innovative retirement living options and the evolving landscape of Aged Care.
Conclusion:
The REIV Buyers’ Agents event provided a platform for industry professionals to delve into the realm of real estate, retirement living, and financial considerations. From recognising real estate as a robust investment option to understanding the implications on care, taxation, and Centrelink rules, attendees gained valuable insights. The contributions of industry experts, such as Craig Bardrick from BASSCare and Paul McDowall from One Fell Swoop, brought depth and expertise to the event, leaving attendees empowered to make informed decisions. It was an event filled with knowledge-sharing and networking opportunities, driving the attendees to further explore the possibilities and potential of real estate and retirement living.
