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top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
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Australians keen to invest in property market

By Staff Reporter
16 November 2009 | 1 minute read

More than 70 per cent of Australians over the age of 25 believe the time is ripe for property investment.

According to Citibank’s Australian wealth survey, 74 per cent think now is a good time to invest in property, while 40 per cent believe it is a bad time to invest in shares.

Citibank’s Andrew de Graaff said Australians were beginning to see property as relatively risk free.

“While a lot of people are saying now is a good time to buy and invest, it is another thing to actually do it,” he said.

Australia's property prices have held relatively firm while overseas markets, particularly in the US and Britain, plunged.

Melbourne's median house price fell just 1.8 per cent to $441,900 last financial year.

Australians keen to invest in property market
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Listen to other installment of the Real Estate Business Podcast
Do you have an industry update?

top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.