On average, property prices have risen 44% over the last 10 years. Collectively, capital city prices increased 52.6% and the combined regional markets rose 16.6%.

The Core Logic report also highlighted that houses performed better than apartments, with values increasing 46.9% nationwide. This is compared with the 34.2% growth for units.

The strongest property growth was recorded in Sydney’s southwest. Values in Preston, Cabramatta, Fairfield and Wattle Grove rose 112.9%. Growth exceeding 100% was also recorded in numerous Sydney and Melbourne suburbs as well as Bacchus Marsh, Werribee, Melton and Altona.

No decline in values were recorded in New South Wales, Victoria, Tasmania, the Northern Territory and the Australian Capital Territory over the past decade.

Despite what some sources have been advocating, the numbers show that we have seen steady and continuous property growth in the Australian market over the last decade.

If you’re looking to invest in property or are seeking some guidance on where the best areas of property growth are, come in for a FREE no-obligation Planning & Strategy session.

In your Planning & Strategy Session, one of our Client Managers will walk you through reliable, affordable and tested strategies based on unchanging principles of creating wealth. Once applied to your own numbers, this session will give you a clear pathway to fulfilling your financial goals – whether they be homeownership, travel & lifestyle or early retirement.

For insight into the benefits that you’ll receive by attending a Planning & Strategy Session and how it can change your financial future, read this article.