The last 40 years has seen significant changes in housing trends and prices across Australia. Here are some of the most interesting shifts from the last four decades.
Property has always been about supply, demand and the availability of funds. The above slides show that as money has become cheaper, the average Australian has, and will continue to financially prioritise the purchase of residential real estate. Even if it takes longer to acquire, consumes more of their income to hold, and might it take longer to drive home to at the end of the day. The great Australian dream of home ownership is still alive and well; for this reason it still makes a great investment.
About the Author
Since 2008, David Thomas has built a business aimed at servicing the needs of property investors, owner occupiers and small business owners. David is recognised as one of the top 10 independent mortgage brokerages in the country, David and his team have settled almost billions of dollars worth of residential and investment loans over the last decade.
Known for his straightforward, relatable style, David believes by educating people about property funding; they fare better in the market. By sharing his expertise openly, some of the people he educates will likely become his clients. It's a win-win approach.
David Thomas is a credit representative (Representative Number 506153) of BLSSA Pty Ltd, ACN 117 651 760 (Australian Credit Licence 391237).