Aussie home prices grew by 4.2 per cent in the September quarter. That’s more than 1 per cent per month. Some people are doing very well out of it and you can too!

Hot on the heels of the GFC come the highest property growth rates since 2003 (and don’t say Freedom News didn’t alert you in good time!).

Yes, sales of homes across the board, across price segments and across the country, are all moving in one direction: up. And they’re moving fast.

Across the country the growth rates for the capital cities are as follows:

• Melbourne up 6.1 per cent
• Sydney up 3.6 per cent
• Hobart up 5.4 per cent
• Canberra up 4.8 per cent
• Adelaide up 3.3 per cent
• Perth up 1.7 per cent
• Brisbane up 1 per cent
• Darwin was flat

A report by real estate analysts Australian Property Monitors (APM) reveals that prices have risen 7.1 per cent so far in 2009, after a small dip at the end of last year*.

In Sydney, the median price for September hit $610,500, which is an $11,000 rise from the August numbers. Average priced homes rose in value by $5,000 per month. How does that sound as a source of asset growth on top of your salary? In addition, the property holding costs are fully covered by the government and renters!

If you are in the market you might just shout woohoo right about now! As they say, you have to be ‘Innit to Winnit’. But there’s good news if you’re not in it yet. Most forecasters suggest that we are still in the early phases of the next property growth cycle, so you’ve still got some time to jump in.

Land prices are growing as well, given the huge demand for new developments against the restricted supply caused by government bureaucracy, excessive fees and the high costs of bringing new land to the market.

What does this mean for you? You decide. Our advice is to get involved in the proven opportunity of property in our country. After all, if property can thrive as it has coming out of the GFC, is there ever a time where you won’t be safe and secure invested in our ‘home that’s girt by sea’?

* (Michael Janda, ABC News, “House prices surge as rate hike looms” 29 October, 2009)