According to the Bank of International Settlements, house prices in Australia have increased by 6,556% since the 1960s. This amounts to an impressive average annual growth of 8.1%. Long story short, property investors have certainly made millions through buying and selling property, and that’s before we even take into account the earnings from rental properties.
Credit cards can be a double-edged sword. While they provide convenience and extra perks, poor credit card management is one of the fastest ways to end up in debt. Credit cards are one of the highest interest ways of borrowing money. If you only pay the minimum each month, it could take you years and additional thousands of dollars to pay off the money you originally borrowed.