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Key points: Scientists have found that working memory can be disrupted as early as people enter middle age In 2024, it is estimated there are more than 421,000 Australians living with all forms of dementia More than two-thirds of aged care residents have moderate to severe cognitive impairment Scientists have reported a global breakthrough in brain research through a new study that identifies how the brain changes over time and what these changes mean for Australia’s ageing population. Findings from the study, which were published in the journal Nature Communications, provide new insights into the ageing process of the human mind and provide a foundation…

Land banking is a real estate investment scheme that involves buying large blocks of undeveloped land. These schemes are often unregulated and there’s little protection if something goes wrong. In a land banking scheme, property developers usually buy land, divide it into smaller blocks and offer it to investors. As an investor, you either buy a plot of land or buy an option to purchase a plot of land. These are known as ‘option agreements’. The option agreement is usually triggered when the land has been approved for development by the local council. The land is expected to be sold…

When and how you can access your super to start an account-based pension. If our working years can be regarded as the time when we aim to build up our superannuation savings, our retirement years can equally be regarded as the time when we aim to spend them. At least that’s the objective for most Australians. Which generally leads to the question: how do I start accessing my super funds when I do stop working, or maybe even before I stop working? This article focuses on the basics, including the general eligibility rules around accessing your super and how to…

Consolidating your super means moving all your super into one account. It makes your super easier to manage, and saves on fees. Before you consolidate, pick the best super fund for you. You can transfer your super for free in a few simple steps. If you’re ready to consolidate your super now, go straight to the Australian Taxation Office (ATO) online at myGov. Why consolidate your super Consolidating your super can save you time and money. Having all of your super in one account means you: save money by only paying one set of fees have less paperwork can keep track…

When getting ready to buy property, there are many things to keep track of as settlement approaches. An important consideration is what you will need in terms of insurance – admittedly not the most exciting part of buying a new home, but one which can save you money and stress in the future. Why lenders often require insurance While not a legal requirement, insurance is often required by lenders, and they may want to see your policy before either the exchange of contracts or ahead of the settlement. As the lender has a stake in the property during the life…

Key points: There are varying tenure types that can impact your rights over a property in a village Make sure to understand all the costs and fees that are associated with taking a placement in a retirement village Legislation and regulations differ depending on the State or Territory you live in Generally, the deciding factor of whether you rent or buy is subject to your current financial situation. However, you should also consider the retirement lifestyle you want to lead and whether ownership or renting will best assist in reaching those wishes and desires. Retirement villages can be a really…