‘Safe as houses’ is a well-known phrase because of the reliability of property as an investment class with the long term upward trend of property prices.
It is believed the phrase was coined due to other speculative investments (such as the ‘burst bubble’ of investing in the railways in the mid 1800’s) being risky in comparison.
According to research by AMP, Australian property has increased in value at a rate comparable to that of the share market since 1926 – an average of 11.4% per annum – despite a succession of wars, disasters, recessions and crises.
It’s done so without the volatility of the share market, too, making it an all-round safer investment.
Is property investing right for your situation?
Investing in property is safe if you have a well-thought out strategy, the right financial situation, and a good team in your corner.
Contact me if you’d like a free no-obligation chat to check if property investment is a good fit for you.
Regards, Nick
Photo credit: Philip Taylor – Flickr image: Park Place Expensive Real Estate Monopoly
