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Real Estate Business Awards 2021

The REB Awards is the benchmark of success in the Australian real estate industry. It reflects not only the business astuteness of the country’s leading real estate operators and networks..

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top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

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1/10
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top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
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Gen Ys show biggest interest in property investment

By Staff Reporter
13 August 2014 | 1 minute read

Young Australians have shown the strongest interest in property investment, according to a new survey.

Released yesterday, the MLC Quarterly Wealth Sentiment Survey revealed those aged between 18 and 29 were the most eager to invest in real estate.

Australians are becoming a little more aggressive in their near-term investment strategies, the survey found.

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While paying off debt remains the focus, it has declined in importance compared with Q1; cash and deposits have also declined.

There is less aversion towards fixed income investments, shares, investment property and balanced funds.

The MLC survey interviewed more than 2,000 people to assess the investment environment by asking questions related to their current financial situation, investment intentions, level of concern related to superannuation and other investments, change in life insurance, and distance to retirement and investment strategy.

Taking a career break to raise kids has been identified as the most significant barrier to having sufficient retirement savings.

In the June quarter, ‘career break to raise kids’ increased by 70 per cent to take out the top spot impacting sufficient savings in retirement.

Previously, unemployment and major health issues have consistently ranked highest.

Women rated a career break as their number one barrier (rated 70 out of 100) to retirement savings, while men ranked it third overall (54 out of 100), behind unemployment and major health issues.

“With just five per cent of Australians confident they will have enough money in retirement, the gap in retirement savings will be one of the biggest challenges facing our ageing population,” NAB Wealth general manager of client management Lara Bourguignon said.

“Families, and particularly women, concerned about the impact career breaks will have on their retirement savings should plan ahead, since there are strategies that can minimise this financial shortfall.

“Pleasingly, this quarter we’ve seen a small increase in people investing in super as the benefits of taking control of your finances slowly start to resonate,” she said.

MLC’s Save Retirement campaign, launched in March this year, aims to educate and encourage Australians to take action regarding their retirement.

Gen Ys show biggest interest in property investment
GenY
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Listen to other installment of the Real Estate Business Podcast
top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

VIEW COMPLETE REPORT
1/10
Do you have an industry update?

top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
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.