At McCarthy Group we use a rule of thumb to show that house prices in Australia
double approximately every 8 years. The
latest numbers from RP Data prove us spot
on.
Property in Australia has proved to be an outstanding investment. The latest
RP Data shows that the median price for a home in March 1993 was $134,544.
Today this has grown to $458,908, or a 198% increase.
This is an average of 8% a year for 16 years, and underlines just why investment
property is able to deliver results that are virtually unmatched. Private
home owners will have seen their equity grow, while investors are literally
in the
pound seats, enjoying excellent capital returns as well as strong rental
yields due to the shortage of accommodation. Of significance is that this growth is measured after the worst economic
conditions for the past 70 years. We are confident in saying that Australian
property
has weathered the storm in impressive fashion, and the growth figures underline
once again just why investment property in the long run makes such good sense.
To find out how you can participate in the excellent returns of investment
property, contact us on (02) 9687 3601 or email us on info@mccarthygroup.com.au
|
