There are varied commentaries on the subject of whether the Great Australian Dream is still achievable, or not? However, we are here to encourage you that if you can believe, all things are possible.
At Mortgage Excellence our goal is to assist and guide you towards achieving whatever your dream may be. Not only that, but we believe property is a foundational key that will give you a comfortable lifestyle now, as well as ensuring a lifestyle in your latter years - one that may only be a dream right now.
A traditional list of immediate "basic needs" is food (and water), shelter and clothing, which means we all need to live somewhere either as a tenant or an owner.
Once you are an owner, it becomes easier to progress to a Landlord and own more than one property.
In October 2012, News Limited reported that the average Aussie is sitting on a nest egg of nearly $200K, making us the richest people in the world.
Australians have a median wealth per adult of $US194,000 beating out Japan, Italy, Belgium and Britain, according to the Credit Suisse Global Wealth Report 2012, which surveyed 216 countries.
And the Good News is that it's about to get a whole lot better.
The report forecasts that our 905,000 millionaires will swell to 1.6m over the next five years - a staggering 82 percent increase. With plentiful land, sparse population, natural resources and high home prices, Australia's proportion of individuals with wealth above $100,000 is the most of any country and eight times the world average.
"Notably, Australia's median wealth per adult of US$194,000 is the highest in the world, well ahead of Switzerland at $US87,137 and Norway at $US79,376," the report says.
Wealth per adult on average in Australia was $US355,000, the second highest after Switzerland, despite exchange rate changes and diminishing wealth in Europe.
Very few Australians had a net worth of less than $10,000, reflecting relatively low credit card use and student debt. Australia's financial standing has been boosted by the strong currency, with most of the wealth held in property assets and the $1.2 trillion held in superannuation.
The report also shows that for the first time Asia-Pacific has overtaken Europe as the world's richest region, with holdings of $US74 trillion.
Building wealth through property is possible and not just for the rich!
Where do we start?
History is the best teacher. Since the commencement of property ownership records in England (1857), values of property in good locations has on average doubled every 7-10 years.
Why do Australians Love Property?
Consider Sydney in recent years as we look at predictions made by the Real Estate Institute of Australia some years ago. The following data was extracted from an article published in 2008 by the REIA.
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