Property expert, Peter Koulizos, shares his top tips on how to retire comfortably

·

Owning just one investment property may not be enough to retire in comfort, The Daily Telegraph reports.

But there are ways to work out what will deliver the property wealth you’ll need.

Property Investment Professionals of Australia chairman, Peter Koulizos, tells the newspaper “it all depends on what ‘retiring comfortably’ means to you.”

Mr Koulizos says people shouldn’t expect to live off one property’s rent because a big chunk of the income goes back into repairs, maintenance and property management fees.

Property Investment Professionals of Australia chairman, Peter Koulizos.

“To earn $100,000 of rental income you need the equivalent of about $2.5 million in property freehold,” he says.

Instead, Mr Koulizos says investors should start early, buy in a good location with strong capital growth potential, pay it off and be patient.

He says most people are wage earners and will also have superannuation at retirement.

“For me, super will pay for the necessities and property will pay for the niceties.”

Source: The Daily Telegraph.

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Victorian football community mourns after the passing of Heidelberg United’s Keely Lockhart

The Victorian football community is in mourning following the heartbreaking news of Keely Lockhart’s tragic passing.

Alexia Apostolakis debuts for Matildas in narrow defeat to Panama

Greek Australian teenager Alexia Apostolakis made her senior debut for the CommBank Matildas on Saturday. Read more here.

Greek government to host online seminar for Greeks abroad on tax, business and relocation

An online information seminar designed specifically for Greeks living abroad will be held on Wednesday, July 9, 2025.

Erin Patterson found guilty of mushroom lunch murders

Erin Patterson has been found guilty of murdering three of her relatives by intentionally serving them a meal laced with deadly mushrooms.

Global Summit of Hellenic Lawyers set to launch in Athens

The world’s most distinguished Hellenic legal minds are set to gather in Athens for the inaugural Global Summit of Hellenic Lawyers 2025.

You May Also Like

The Greek-Australian Cultural League announces this year’s Literary Competition

The Greek-Australian Cultural League has announced the annual Literary Competition, an established event in Australia's Greek community

Experts share how travel to Greek islands will be impacted by seismic activity

As a swarm of earthquakes continues to rattle the Aegean Sea, the Greek government has declared a state of emergency on four islands.

Greek community of NSW condemns Turkey’s decision to convert Hagia Sophia into mosque

Η απόφαση της κυβέρνησης Ερντογάν να μετατρέψει την Αγία Σοφία, ένα μνημείο παγκόσμιας πολιτιστικής κληρονομιάς, σε τζαμί είναι απαράδεκτη και προκλητική. Η ενέργεια αυτή...