When buying a home for the first time, it’s important to make the right decisions. After all, it is an important financial commitment for you. Getting it wrong can have serious consequences, such as being stuck with a house you can’t afford or don’t want.
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.
