Where is Australian Property headed over the next 15 years? An interesting take from The Australian on the rising prices and reasoning behind it is given below. This highlights a significant issue for Australians as the prices continue to increase and their methods of savings for their home are not suitable to achieve their goal.
Specifically when you use a bank account earning 3% p.a. interest to save for a property which is increasing in cost in double digits. You will struggle to reach your goal if you follow this method.