At a time when cost of living is so high and many Australians are feeling the pinch on their finances, there is a lot of discussion around about how much money you really need to be considered ‘rich’.
After all, how many Australian households actually hold an investment property?
Let’s have a look at the Statistics:
According to Corelogic:
~57.3% of Australian household wealth is held in housing.
~The number of residential dwellings in Australia has boomed to 10.8 million, with the total value of Australia’s residential market surging from just over $7 trillion before the pandemic to $9.7 trillion today.
~Around 2.22 million taxpayers in Australia are property investors, and collectively they own 3.25 million investment properties.
Here’s how many properties investors hold in Australia:
~71.5% of investors hold 1 investment property
~18% of investors hold 2 investment properties
~9.7% of investors hold 3, 4 or 5 investment properties
~0.8% (or 19,895) investors hold 6 or more investment properties
The top investor age groups are:
~24.5% are aged between 55 and 64 years old
~22.5% are aged between 45 to 54 years old
~21.5% are aged between 35 to 44 years old
~12.5% are aged between 25 to 34 years old
~12% are aged between 65 to 74 years old
~5.5% are aged 75 years old or more
~1.5% are aged between 15 to 24 years old
Are you ready to invest in property and change your Financial Portfolio. It is achievable!
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