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Build a nest egg with investment property in Brunswick

By Jamil Allouche

Retirement might seem like a long way off, but the truth is that it's never too soon to start making preparations for financing your future.

While superannuation funds will go some way towards ensuring you have enough cash, there might be other strategies you want to consider to supplement this income.

If you decide to make an investment in property in Brunswick, then the chances are you won't be alone. Recent findings from ING Direct show more people are interesting in buying real estate for an additional retirement income.

"It all comes down to a fear of the unfamiliar," suggested executive director of customers at ING Direct John Arnott.

"We don't see or hear about our super every day, so we put our faith in what we know; things like property and savings."

A total of 13.2 per cent of the survey's respondents said they would consider investing in real estate to boost their savings, second only to building their own savings nest egg.

Statistics from the Association of Superannuation Funds of Australia shows that many everyday living costs are rising for retirees. During the year to the September quarter of 2014, food and non-alcoholic drink costs marked a rise of 3.5 per cent.

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