A large portion of the Rich 200 in BRW made and are continuing to make their money from property. 

Since 1929 property on average has increased by 10.8% per annum. This means that the property has doubled in value every 7 to 10 years.

If you want to check this ask your parents or a relative what they paid for their house, what it is worth now and when they bought it and do the calculation your self. Then ask them if they thought it would be worth as much as this when they bought it.

Example:

• A house bought for $135,000.00 in 1987 20 years ago
• If we assume it takes 10 years for it to double (a conservative estimate) In 1997 it would have been worth $270,000.00
• Today it is worth $540,000.0

The most common question people have is "Surely property cannot keep on going up in value?" The answer to this question is yes it can.

- In 1967 the average wage was $55.00 per week and the average house price was $12,000.00.

- Currently the average wage is approximately $1,000.00 per week with the average house price at $504,000.00.

- The average house price in 2026 is expected to be $1.88 Million.

At The Financial Health Company it is our aim to assist our clients to achieve their financial goals to secure their financial future. These goals could range from 1 property investment that they may retire to, up to creating a property investment portfolio of multiple properties so in time they can live of the rent and spend several months travelling the world. If you would like us to help you with your financial plan please complete the free financial health check form or contact us to arrange a consultation.