Over 50 restart life from ZERO is it Do Able.

Gooday fellow compatriots.
Newbie ,I have my case here goes.
Over 50 restart life from Zero basically, hardly any super as worked abroad most of working life.
I am located in Kalgoorlie and trying to find best outcome how to get to retirement with something.

1. To buy or rent in Kalgoorlie ,as i dont know if it would increase in price here to resale later?
2. Buy were i would like to live /retire north queens land Bunbury location
3. In Bundbury do i buy into retiment village , or own a property instead.
4. OR Buy rural land inland with a home on it,but not sure would increase much?
5. Or any other ideas would help
6. Never bought a property in Australia yet?
7. PS.. Am flexible been single and no family ties what so ever.

Thanks in advance.

 

Yep to question in the subject of the thread.

 

Assets and income? Learn about the pension.

 

Thanks, no assets, income start after lockdown from the virus. Yes working on the pension side to the determined the best way forward.

 

Thanks That gives me some hope.

 

Maybe just buy a metal detector as there is still a lot of gold outside Kalgoorlie..

 

My in-laws were forced into bankruptcy at 50+.

Thirty years later (after a lot of hard work), they were living very comfortably.

Owned their own house, owned their own car, saved up some cash, lived on the aged pension, ...

While one has a heartbeat, there is always hope.

 

yes like over 50s place, just trying to see what would be more on profit side,as i dont think you can rent while you not there,till ready to move in.Also not sure the over 55 places go up in value?

 

Already checked it out with a few guys , little reward it seems,bottomless bucket it can be.

 

Im 54

 

Should be fine
Knowledge is exponential

 

Depends what your definition of retirement is and what that something is you want.

 

retirement village Noel Whittaker has a book on that OR that mentions retirement village living

Downsizing Made Simple

Consider this snippit from elsewhere
Aged Care Guru Rachel Lane suggests crunching the numbers on retirement villages, remembering to break it down into the ingoing, ongoing and outgoing costs - simply comparing what you pay upfront will ignore most of the key information. Seeking advice from a specialist adviser will ensure you understand the implications for your pension and potentially rent assistance too, your ability to fund your new lifestyle and what position you would be in if you needed to access home care or transition to residential aged care.