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Property prices can fluctuate in the short-term but, historically, have risen in the long-term. That's why, over the 10 years to March, Australia's median property price jumped 83%, according to PropTrack.
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That included increases of 80% for the combined capital cities and 92% for the combined regions.
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And some markets enjoyed astronomical growth over the decade, as shown by the chart below (which focuses on houses only, rather than all properties).
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Interestingly, nine of the top 10 house markets were regional, while seven were coastal.
Subiaco finance brokers are here to help
Interest rate rises are here, but you donβt have to fear with the right broker on your side.
The team at Sonam Capital are here to empower you through financial knowledge. Weβll 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.
