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James Coyle
James has over 35 years experience in financial services with particular expertise in two of the key components of retirement finance - Superannuation and the Age Pension. He is passionate about providing the guidance and support that can help older Australians enjoy their best possible retirement. He lives in regional Victoria surrounded by dogs and chooks.
If we have an investment house of approx $410000, but it is being rented for less than mortgage, does it count as an asset, or are our mortgage and costs taken into account?
Hi Karen, thanks for reaching out for help. How investment properties are assessed is dependent on a number of factors. It would be best to speak with you in a more confidential forum to understand your situation and be able to clarify the potential impact of your property on your assets. We will send you an email separate to this comment with details on how we might be able to assist you further.