Australian property investors ‘reaping benefits’

Posted on March 14th, 2013 · Posted in News

Australian property investors are experiencing significant returns on their outlay, new figures have suggested.  RP Data revealed that almost half of the people who sold Australian property at the end of 2012 made a 50% profit gain over their initial purchase price.

Research analyst at the organisation Cameron Kusher said the statistics show “overwhelmingly” that buying a home can be a good investment over the years.

“If you’re buying and selling over a short time frame, you run the risk of selling at a loss,” he was quoted by News Limited as saying. “What it shows is the long-term nature of investing in property.”

According to the data, which covered last year’s December quarter, there was a difference in fortunes depending on where and when properties were sold.

Perth and Sydney were the strongest markets, with property owners doubling their initial investment 43% and 26% of the time respectively.

Earlier this month, RP Data found that house prices across Australia’s capital cities were up 1.2% overall in January, with Sydney, Perth and Brisbane all performing well.

“The mining and resource sectors areas are where you’re finding the lowest instance of people selling at a loss,” Mr Kusher explained.

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