Property investment is fast becoming a popular route to wealth generation as Australians opt to invest in property to make up for weak returns on their super funds and share prices, Mortgage Business reports today.
ANZ head property and financial systems analyst Paul Braddick told the industry news outlet that property investment would stand the test of time in wealth generation.
“The residential property market is proving to be a lot more resilient compared to the equity market which has experienced a recent collapse”, Mr Braddick said.
Super funds have continued to experience the worst returns since its introduction in 1992, with default funds falling by 13 per cent in 2009.
These losses, coupled with the freezing of redemptions on mortgage, property and fixed income trusts, have seen Australians return to the safety of bricks and mortar investments.
Source: Mortgage Business
