Why consider anything else?

In 1997 I sold a Californian Bungalow in Glen Waverley (rare for the area) for $220,000 and I noticed that it was passed in at auction for over $1,000,000. If you do the maths; $220k x 2 = $440k and $440k x 2 = $880k. So the property has more than doubled twice in 18 years. It proves what I have been saying for the last 40 years; property doubles every seven to ten years.

So why would you consider any other form of investment?

Furthermore; if you have $80,000 to invest and you purchase a property for $400,000 with an 80% loan and the property doubles in ten years your investment is now worth $800,000. Considering you invested $80k and the interest only loan is still $320k this means that your $80k has now become $480k. Not bad for ten years, is it?

If you put your $80k into shares and you doubled your investment you would have $160k.

The difference, as you will notice, is that you can leverage property.

Okay, so I am biased towards property and you can probably see why!

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