The CEO of REI of Victoria has pointed out that the last 20 years has shown that investment in Melbourne Property has provided better returns than the stock market.
Prices have been less valuable than shares, and buying a sound property in a good suburb means it is hard to lose in the medium and long term.
Your initial outlay is high, as are the transaction costs, but the variables to be aware of in purchasing a home or unit are easier to do your due diligence on, than researching a little known listed company.
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