ANOTHER REASON TO DISLIKE APARTMENTS

Over the past 10 years, house prices have increased 150% but home units and apartments have only increased 120%, says Australian Property Monitors.

Regular readers of this newsletter know that I dislike apartments as an investment – you’ll remember that I go on about the unnecessary expense of on-going management fees but of course the real killer when you run the numbers is your exit strategy.

Off-the-plan family homes in a growth corridor where rents are higher, where land taxes are lower, and adjacent to a major economic zone, are what an astute investor is after.

And now we have this confirmation that their capital growth is slower compared to family homes.

My private clients are delighted with the results they have achieved following my strategy, and notwithstanding all the doom and gloom in the newspapers at the moment, I truly can’t see why history won’t repeat itself, and housing values will continue to increase over the long haul.

If you don’t have enough for 20-25 years of dignified retirement, I can give you some options.

Contact me – Bernard Kelly – anytime at admin@retirelaughing.com