Global Power | Local Knowledge | Uniquely Personal
All Articles News FAQs Videos
中文

Australian property 'has made lots of millionaires'

A great number of people have become millionaires by investing in property in a good capital city suburb, expert Michael Yardney has claimed.

Many people have become millionaires just through buying Australian property in the right place at the right time.

 

 

This is according to Michael Yardney, an expert in the psychology of success and wealth creation through property, in views expressed in his latest blog entry.

 

 

He explained that, when he bought his first investment property in the early 1970s, "becoming a millionaire seemed an unattainable task".

 

 

"Today lots of ordinary Australians who bought their home in a good suburb in our capital cities have a house worth over $1 million [£655,300]," he added.

 

 

Mr Yardney commented on recent research from RP Data, which revealed that there are 212 suburbs in Australia where the median price of a family home is $1 million or more.

 

 

Earlier this month, the Real Estate Institute of Victoria revealed that Australian property located in the middle suburbs of Melbourne returned a higher capital growth over the past five years than houses in any other area of the state.

 

 

Posted by Ravin Chatlani 

- millionaires, property, suburb, price

DISCLAIMER: All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

COPYRIGHT: All information provided is protected by international copyright laws. You may not copy, reproduce, distribute, publish, display, perform, modify, create derivative works, transmit, or in any way exploit any such content, nor may you distribute any part of this content over any network. Copying or storing any content is expressly prohibited without prior written permission of SMATS Group or the copyright holder identified in the individual content's copyright notice. For permission to use the content on please contact info@smats.net.

中文

Subscribe Now