So after some bad information from mums super accountant, i thought id get some general ideas here. Sometimes, the collective input from knowledgeable members can often be better then some pros. Going by past health/car issues haha.
Situation is my single parent mum is about to retire in 2 yrs max.
Has access to 350k super mid yr, + 50k savings. no ppor or ip.
I can contribute 120k, but renting myself, would like to be in a position to buy myself asap.
The idea was to buy a more expensive ppor 650k~, and then a cheaper ip apartment which would be rented for 2 yrs. Or would it be better to buy 2 cheaper places now?
The real area of confusion though, is wrong ownership structure. Obviously the idea is to get the pension, but unsure if the either of the above options would cause issues.
Situation is my single parent mum is about to retire in 2 yrs max.
Has access to 350k super mid yr, + 50k savings. no ppor or ip.
I can contribute 120k, but renting myself, would like to be in a position to buy myself asap.
The idea was to buy a more expensive ppor 650k~, and then a cheaper ip apartment which would be rented for 2 yrs. Or would it be better to buy 2 cheaper places now?
The real area of confusion though, is wrong ownership structure. Obviously the idea is to get the pension, but unsure if the either of the above options would cause issues.