Do you want to know a secret? Generations of Australians were taught to get a good job, buy a home and pay off their mortgage because they were told they’d be looked after in retirement by the government. Now that was supposed to mean the pension would be there for them in their twilight years.Read More
Melbourne’s property market continues to perform strongly with house prices now at record levels and up 19.5% over this latest growth cycle. The latest research by Onthehouse.com.au has revealed that Victoria is the second wealthiest state when it comes to residential property, with 12.4% of dwellings in the metropolitan area valued at over $1 million.
We’ve enjoyed a few good years in property but now as this real estate cycle matures and uncertainty surrounds the extent of the potential for future capital growth, it’s appropriate to remember that it is not so much the outside world that defines our success, but the place we take in us as investors.
