๐๐ฎ๐ฝ๐ถ๐๐ฎ๐น ๐๐ถ๐๐ ๐๐ผ๐๐๐ฒ ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ๐ ๐๐ผ๐๐ฏ๐น๐ฒ ๐ผ๐๐ฒ๐ฟ ๐ญ๐ฐ.๐ฏ ๐ฌ๐ฒ๐ฎ๐ฟ๐
How long does it take for house prices to double?
Using May 2023 as the end point, PropTrack found that, in the capital cities, it took 14.3 years for the median house price to double.
Home owners during that period wouldโve probably paid down a large chunk of their mortgage, leaving them with a significant amount of equity.
Investors wouldโve also benefited from regular rental income โ and probably rental growth as well.
It goes to show that you can build a lot of wealth through property, when you use time and leverage to your advantage.
Subiaco finance brokers are here to help
Interest rate rises are here, but you donโt have to fear with the right broker on your side.
The team at Sonam Capital are here to empower you through financial knowledge. Weโll take the time to get to know you and your unique situation and speak in a language you can understand, with strategies you can implement for the best possible outcomes.
Nick, Wayne and Amanda at Sonam Capital are your Subiaco finance specialists.
