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We all work hard to make money. However we always find that the currency is not worth the paper it’s printed on because of the inflation. From 1937 until 2010, the average inflation rate in Australia was 6.02 percent. So we have to find a way to get our money's worth.
Investing in property offers the best bang for the buck. The beauty of it is, if have properties for investment, you can claim a tax rebate in every financial year. Moreover, according to the historic record, the price of houses in Australia doubled every 7 years. So it's well worth it.
Before we purchase a property, we should not take everything for granted and we’re better to do some investigation by ourselves. We also don’t have to believe everything which the agent tells us. Instead, we should make a mockery of the property when we negotiate with the agent. Normally the property market is quiet around the Christmas holiday, but it will pick up speed after that.
Even though owners with many properties often look down on someone who has fewer properties, we should not risk purchasing too many properties at one time. Otherwise if the price of house goes south, which even just happened once in a blue moon in Australia, the bottom may fail out of the property market.
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