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While many states once again embrace life in lockdown, the Australian property market continues to prove its steadfast resilience, revealing a new window of opportunity for homeowners and property investors alike with Freedom.
Historically, Australians who are successfully increasing their wealth are doing so through the means of property investing. Looking forward, those who own multiple properties will be far better positioned for future wealth than those without a property.
With current lenders offering some of the lowest rates ever, we should all be considering purchasing property or otherwise risk missing out on significant wealth creation in the future.
The Australian housing market recorded another price surge of 2.2% in May. Following a 32-year record in March of 2.8%, and a slightly slower month in April of 1.8%, the strong result in May indicates that the housing boom may not be ready to slow down yet.
Despite the largest contraction in global economic activity since the Great Depression of 1930, Australia’s economy is in far better condition than most other countries around the world thanks to the effective management of the COVID-19 health crisis. The recently released 2021-22 Federal Budget looks to build on this success and further secure Australia’s economic recovery.
While the Australian housing market records another month of strong growth, recent data suggests that there are numerous suburbs around the country where supply is not meeting demand, with both tenants and buyers in increased competition to secure property.
It wasn’t too long ago that property market commentators, along with chief economists and financial institutions, were predicting a prolonged crash in dwelling values. However, Freedom Property Investors Co-Founders Scott Kuru and Lianna Pan knew that this period in time would soon become one of the best opportunities that property investors have seen since the Global Financial Crisis.
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