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Australian property delivers 16.9% return

Article Date : Thursday, August 23, 2007       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

The property market in Australia provided investors with a 16.9 per cent total return during the year to June 2007.

According to a report published by the Investment Property Databank and the Property Council of Australia office property delivered a return of 17.5 per cent during the year, while the retail sector offered a total return of 17.3 per cent, the Herald Sun reports.

Recent "fluctuations" in other financial markets may see investors increasingly turn to real estate, John Nguyen, national research manager at the Property Council of Australia, told the newspaper.

"Over the last decade, real estate has delivered annualised rates of return very similar to listed equities ... with much lower volatility and reduced investor risk," he remarked.

National Savings & Investments recently reported that 25 per cent of British people trying to get onto the property ladder in the UK would consider moving abroad, with one in three stating they would prefer to live in either Australia or New Zealand.
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