According to a report by the Australian Securities Exchange in partnership with Russell Investments, the average real estate return on investment in Australia has been 6.8% over the past century!
Here's a breakdown: If you purchase a property valued at $1,601,467, you could potentially see a value increase of $108,899. Additionally, with an average rental yield of 8% in Australia (subtracting 1% for ongoing expenses such as dues, strata, and insurance fees), you could expect an annual rental income of $128,117!
In short, after deducting ongoing fees of approximately $16,000, you would be left with a tidy profit of $112,117 annually.
Interested in exploring more about real estate investment opportunities? Feel free to get in touch with us, we are always here to guide you!