Chris Bates

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1,659 appearances 5 recordings 1 series first heard Jun 2021 last heard Dec 2022

Chris Bates’s voice in public audio — every appearance, attributed to the second.

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Australian Finance Podcast · Property investing strategies (advanced) with Chris Bates · 4 Oct 2021 podcast

Because they may or may not have access to super.

Now, if they've got access to super, if they want to sort of dial down there,

Yes, you could sell your property, but if they're good assets, when you sell, you've got to pay capital gains tax.

And so this person could be selling and paying capital gains tax because they're still working.

So you're going to pay high capital gains tax.

So it might be better to sell those properties after they stop working.

It might be better for them to use savings or other share portfolios or money in the offset to sort of get them to that period.

And then when they may want to start using their super.

the challenge with selling property is it's easy thing to do but um and you pay off the mortgage and you get this big lump sum of cash as long as it's sort of grown over many years which i assume in this situation has hence why you can stop working but there might be alternatives that they can use other cash and other financial resources without selling that property and may sell that in retirement where there's lower capital gains tax you may sell them over different years um

But if they're quality assets, you may want to sell them last.

The rent might be paying the mortgage.

It might be paying off.

It might be quite positively geared.

It might give them an income in retirement.

And then you might sell it in their 70s and 80s and use their super first.

So, I mean, exit strategies, they're very individual.

But what my view on it is with property is that it's not a case of trying to buy four properties to sell two to pay off two, so you got two free.

You're much better off to buy a fewer number of properties, quality assets, and try to hold them to the later years in life and sell your properties basically last.

because then you pay your capital gains tax last and you keep that money invested and growing.

And so, yeah, if you want to retire before super, you've got to build up a pool of money to support you between when you stop working.

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