More and more Australians are choosing to invest in one or more properties. As reported in the Property Observer, according to the ATO, the number of individuals with an ownership interest in one rental property in Australia increased by nearly 24,000 between 2013 and 2015. For two properties, the number increased by nearly 12,500.
Buying a rental property is a hot strategy that many Australians are adopting to ensure their financial future. Small-scale investors own 83% of all investment properties and, on average over the years, residential property investments have represented 35% of all housing financing.
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.
