A fascinating story in Domain recently.
52 years ago a young couple bought a property in Glen Iris in Melbourne.
They paid 7857 pounds – which is about $15,750 in today’s money.
Here’s the shocking thing.
That house was recently sold for $1455,000.
Yep nearly $1.5 million bucks.
That’s nearly a 100 times increase in value.
And this is why ‘bricks and mortar’ has helped so many Australians achieve their financial dreams – in blue chip locations, it has consistently performed like a charm.
And, there’s still time for Australians to buy into the ‘Glen Iris’s’ of the future….you just need to know where to look….and how to structure yourself financially so you can take advantage of them.