Australians are becoming wealthier – and it’s thanks to property
Wealth per capita is now sitting at a record high of $522,032, thanks to record-high property prices. ...
David Brewster, Managing director, Buy Property Direct
A high rental yield in a low risk area, it's kind of like trying to buy a fast car with great fuel economy. That's very rarely found. When I look for investments I look for something that's balanced. A good ten year growth history, a reasonable return - 7 to 10% growth - and a return 4 to 5%. Usually if you follow this model, around $400 000 in the Melbourne market, you'll get a good investment that'll grow. You've got stability and comfort but it's easy to cash flow.