More than 70 per cent of Australians over the age of 25 believe the time is ripe for property investment in Australia.
According to Citibank’s Australian wealth survey, 74% think now is a good time to invest in property, while 40% believe it is a bad time to invest in shares.
Citibank’s Andrew de Graaff said Australians were beginning to see property as relatively risk free.
“While a lot of people are saying now is a good time to buy and invest, it is another thing to actually do it,” he said.
Australia's property prices have held relatively firm while overseas markets, particularly in the US and Britain, plunged.
If you are looking at investing in property, speak to the financial advisors at Intellichoice about ways to grow your wealth in safe and relatively risk-free investments. We will be able to advice on an investment strategy that suits your short, medium and long-term goals.
