Growth Rates on Investment Property
What growth rate have you had on your investment property in the last 12 months?
It has been interesting reading the latest figures which show that for the year ended Sept 2008 house prices in Australia had gone up by 4.64%, and only down by -0.96% in Sept 2008 quarter (much less than predicted by some analysts).
What I found interesting was that the figures showed the difference in growth and decline in certain areas, as they have been affected by the tighter financial conditions of this past year.
In the year to Sept. 2008 WA country increased by 14.64%, and NSW country decreased by -0.53%.
This does make one think about diversifying the locations of your portfolio. Some investors feel that they would like to see, first hand, what is happening with their properties, and therefore want to invest in properties nearby. Other investors don’t want that ‘hands on’ feel to their investments and are prepared to purchase around the country.
This raises an interesting question, doesn’t it: should you diversify your property locations? Another question you should also consider is: should you invest in some commercial property as well?
No time like the present for doing your research!
Filed Under: Property Investment
About the Author: 
