Adelaide's house prices have grown steadily in recent years, but how have they fared in the long run?
A house purchased for $100,000 in 1986 would now be worth $484,000. In fact, house prices doubled between 1986 and 2003, and again from 2003 to 2010.
In contrast, since 1980 the share market has been incredibly volatile. Stock market crashes have occurred in 1998 (Asian Financial Crisis), 2000 (Dot Com Bubble) and more recently the Global Financial Crisis in 2007. In fact, an investment in the ASX200 list of companies is still worth less than it was in 2007 (excluding dividend income).
However, population growth and rising incomes will continue to drive property prices higher. These strong fundamental trends make investing in property a sound investment. The bottom line: there is no better time to invest in property than now.
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