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What to do next if you’ve paid off half your mortgage

What to do next if you’ve paid off half your mortgage

Repay the mortgage in full, invest or bulk up your super? This is what financial advisers say.

Many people ask if they should focus on paying off the mortgage in full. Bethany Rae

The great Australian dream of owning a home – and the financial security it embodies – has a strong grip on most of us. But could it be holding you back financially?

Financial adviser Glen Hare says a laser focus on paying down the mortgage – ahead of investing or building your superannuation balance – is “a really conservative strategy” and for many people represents “a missed opportunity” to increase wealth.

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Michelle Bowes
Michelle BowesWealth reporterMichelle Bowes writes about wealth from our Sydney newsroom. She has more than 20 years of experience as a business journalist and is the author of Money Queens: Rule your Money, an award-winning personal finance book for teenage girls. Email Michelle at michelle.bowes@afr.com

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Original URL: https://www.afr.com/wealth/personal-finance/what-to-do-next-if-you-ve-paid-off-half-your-mortgage-20250205-p5l9qj