We think property is probably the most important part of your wealth management strategy. This is because it is hard to become financially secure without owning at least one property. If you can own more than one, things get even better.
We advise on all forms of property: residential homes, investment properties and commercial properties. And we don’t just advise on your own property, either. We often find ourselves showing clients the best way to help their adult kids buy homes.
We always start with your family home. We do this because the family home occupies a special place for most Australians. Our home ownership rates are amongst the highest in the world.
Residential property also occupies a special spot in Australian investment history. It is historically the highest earning asset class, with an average annual return of over 8% compounding in the 10 years to 31 December 2015, and 10.5% per annum in the 20 years to the same date (source: ASX Annual Investment Report June 2016).
Homes account for around 43% of all household wealth in Australia. And, pretty importantly, they give you a place to live as well.
And this is just family homes. When you consider the impact of investment properties as well, you find that being wealthy is really a matter of owning property.
This is why property simply must be a significant part of your financial plan. You need to decide what to buy, how much to spend, how to borrow (and how much) and how to repay the debt if you want to make property investment work for you.
Basically, your wealth starts with property and expands from there. That’s why we do, too.
My name is Avril and I am a member of Dover’s Compliance Team. My main role is to help Dover advisers write better SOAs and to check their SOAs for compliance before they are sent to their clients.
I hold a double degree from Deakin University where I graduated with a Bachelor of Commerce and Bachelor of Laws, majoring in Finance and International Trade and Economic Policies. Prior to joining the Dover team, I completed a Graduate Diploma in Legal Practice at Leo Cussen Institute for Law.
I am a practising solicitor.
Outside of work, I enjoy travelling, cooking and spending time with my family and friends.