But property, property, property...
According to realestate.com.auHouse prices on average have grown in Wollongong from $475,000 in Jan 2011 to $872,500 in Dec 2019.
An amazing growth story. But how does this compare to investing in a managed fund, for example a high growth index fund?
$475,000 in 2011 would now be worth approximately $1,271,813, according to http://insights.vanguard.com.au/VolatilityIndexChart/ui/retail.html.
Always consult with a qualified Financial Planner before proceeding with any significant financial decisions.
The information contained in this article is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser.
Andrew Webb Financial Planning & Advice Pty Ltd T/As Webb Financial ABN 37 622 060 422 and James Mottram are Authorised Representatives of Synchron AFS Licence No 243313 for financial planning services.