TalkingTrading

Michael YardneyOn the BRW Rich 200 List, property was a major source of wealth for Australian multi-millionaires.Real Estate is an asset class that is stable and secure with long-term consistent capital growth in Australia. There are two major factors, which underpin growth of real estate in Australia:Population growth Wealth of the nationAustralia’s population is growing faster than any other Western nation. Our population is predicted to grow by 2% every year, which is twice as fast as the UK, USA and Canada. People in general want to live in the same four big cities around Australia and they all want to live in the same suburbs of these capital cities.The wealth of Australia is the second reason real estate is a stable long-term investment. Whilst Australia is an expensive country to live we are also one of the wealthiest in the world.In 10 years from now our cities will have grown, people will continue to trade backyards for balconies and gentrification of suburbs will continue. There is an old Chinese pr