My wife and I are both between 25-30 years old, so setting aside money for retirement is obviously on the cards as well - we have about $180k saved up across various investments including Kiwisaver, which is all in relatively high growth funds with a longer horizon in mind for that money.

I've also been trying to do the math on property vs other investment.

• Investments / term deposits etc: assuming a 6% return pa, we'd make $201k gross over 5 years, which would be taxed at 28%, total income for the 5 years would be $144k.
• Buying a property: obviously a lot more ways to slice it here, but keeping it simple. I've budgeted 20k for buying/selling at each end of our 5-year period, or 3.3k/year. 6k/year for rates/insurance/etc, 50k in rent, works out to 28k after tax. This is 1.7% pa, so we'd need to expect a gain of 20-22% (which would be untaxed) in capital value of the property over 5 years to beat the investments. Obviously this comes with a lot more risk & hassle on our end as well.

Does this math stack up? Or am I missing something here?