Property is still A fantastic way to grow wealth over the lo g term
In today’s Telly (Feb19 2109) David and Libby Koch share their views on the Australian property market.
Over the long term – 20 years – Australians have achieved a year on year growth of 10-15pc in Major cities – even after the 2018 drop in prices!
Hobart – 237%
Canberra – 231%
Melbourne – 274%
Sydney – 202%
With leverage – this growth rate for investors are significantly higher!
So when is the right time to buy?
My view – is whenever you can afford a deposit!
But!!! Be sure to do your research and buy in an area that is likely to grow – do your research!!Posted on February 17, 2019