A new report has come out, naming and shaming the most overpriced and underperforming superannuation funds in Australia
This analysis looked at 600 of the largest superannuation funds in Australia, to find the best super funds, and the worst. The funds were assessed on how they performed, after fees, compared to other super options of similar risks over five years.
If you are 35 years old and earning the average Australian income of just on $80,000 per year and have your superannuation with one of these companies, you would be just on $200,000 worse off when you retire!
Australians with their superannuation in these funds, face an average of 2% in fees, when many of the better performing funds charge around 1%.
Collectively these worst performing funds, manage $7 billion in superannuation money, which ends up costing Australians just over $150 million per year in extra fees!
For a free copy of this report, contact your Property Mentor or enquiries@propertyclub.com.au and also get the bonus of our FIDO (Financial Independence Date Organiser) report done for you, to look at great property options that could supplement your retirement!
PS - also take advantage of the great three-year fixed home loan rates Club brokers have available, which themselves have dropped markedly over the past year!
Troy Gunasekera | National Manager
While the world is gearing up for gold medals and global fanfare, the real gold lies in Brisbane’s property market. The 2032 Olympics is more than just a sporting event. It is a catalyst for change and a clear signal that Brisbane is entering a bold new phase. One that investors in the know are already acting on....
Recent data suggests that the Australian property market is already showing signs of recovery, even before the Reserve Bank of Australia (RBA) decided to cut interest rates in February. With new home sales rising and approvals for detached housing on the upswing, it’s clear that some buyers and investors are getting...
With Cyclone Alfred approaching, many communities in Queensland and New South Wales are facing uncertainty. Extreme weather events like this bring not only immediate risks but also longer-term challenges for property owners and tenants alike. At times like these, safety comes first . Ensuring you, your loved...
Our mission is to help the average Australian learn the property market dynamics and discover the amazing opportunities that exist in real estate.