Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Isn property investment only worth while for high income earners or wealthy people?

April 26, 2017earners high income Investment people Property wealthy worth

0

Posted

Isn property investment only worth while for high income earners or wealthy people?

1 Answer

0

Posted

No. Around 70% of property investors in Australia are on incomes between $50,000 and $60,000 per annum. And you might find it interesting to note that over 90% of all millionaires in Australia become wealthy through property investment, or have a large chunk of their wealth parked in real estate.