Family home proves the best investment over past 24 years
IT’S official – your home is the best investment you are likely to have made. In the constant debate over shares versus property, bricks and mortar have won out. The ANZ review has found the family home has been the highest returning asset over the past 24 years, taking costs, taxes and gearing into account.
Owner-occupied housing outperformed investment property (which still beat shares) largely because of its exemption from capital gains tax. The findings follow a study by RMIT, which also found property has generated better returns than the sharemarket over the past 20 years.
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