220th Monthly Edition April 2024 - House price growth is outstripping the average national wage with Gold Coast locations leading the way.
‘The secret’s out’: Suburbs where prices have more than doubled in four years!
Good morning Fellow members,
The past four years in the property market have been incredibly volatile, with prices surging, before falling sharply and then rising rapidly once again.
Despite the ups and downs, prices are higher than four years ago in almost every Australian suburb, PropTrack data shows, with the pandemic boom and the surprising run of growth over the past year largely outweighing the dent in the market caused by rising interest rates.
In most suburbs, including Coomera where your property portfolio started at a purchase price of $145,000 has exceeded all expectations. The data shows that even the price growth over the past four years has massively exceeded that of the previous four years.
Those who hung on through the pandemic's ups and downs have largely come out well ahead.
After holding onto our property portfolio for 25 to 30 years, it's time to contemplate divesting the oldest assets and reinvesting the proceeds into enhancing our lifestyle as we transition into retirement. Several members have already invested in The FIRM International Cruise Lines, offering a 5% ROI (Return on Investment). We are living the Life, Touring the Globe in total comfort. Waking up each morning in a new destination certainly has an appeal. Feel free to reach out to me for further information.
In the meantime, I look forward to hearing your comments.
Stay safe, Healthy Wealthy & Wise!
