I hope that is s typo, as I can't understand how a couple approaching 50 could only have $80k in Super. If it is true, then I'd forget about the new house, focus on paying back debt and increasing Super contributions to enable retirement at 60, otherwise they may not be able to afford to retire at that age.

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They could be migrants - I'm the same age and having been in a country that didn't have super contributions until later on my super balance isn't that of an Australian who has been paying into a super account their whole working life. I'm looking at getting a van to live in rather than being homeless when I retire, as paying rent as a retiree means I'm screwed.

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I agree with phill, you dont need $600 000 plus debt on your investment unless you know the property is in a high value suburb like close to city ect so you will get capitol gain reasonably quickly.

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Thanks for clarifying Froarty N, didn't think of that scenario.

I wish you all the very best for the future and your retirement

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