If affordability is an issue preventing you from investing in property, you'll be happy to know that planning laws have relaxed to give investors new opportunities to profit from an extra dwelling such as a granny flat.
Property prices in Australia rose by 175% over the 17 years from 1990 to 2007. And despite a small wobble during the GFC, they have since climbed by a further 60% to leave them 350% higher than in 1990.
The Australian housing market is not a single entity. It is rather a collection of "1000 markets", all with their own characteristics of supply and demand
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