The slow Australian property market has led many people to consider gold bullion as an investment. Is this the right decision? Let’s find out!
From 1986 to 2017, there was a 200 % increase in gold which shows that it is indeed a worthy investment. Let’s take a look at some factors which prove that gold provides higher returns in future and might be a more lucrative option to invest in than properties.
Gold’s Price Remains Stable
Even during inflation, the price of gold does not fall. It stays the same or even might increase. The reason here is that gold is not dependent like currencies. It is mined and produced in a small quantity which makes it far more valuable than any currency in the world.
Taking Out Your Money is Easier
When you buy gold bullions, you have something in your hand which you can easily sell in a period of financial crisis. After the tough times are over, you can buy back gold bullions and store them.
On the other hand, if you have invested in a property you can’t easily sell it. First of all finding a buyer is not easy and requires effort. Secondly you need to invest a lot of time and energy for the whole process of selling, and preparing and signing various documents.
Thirdly, if you want that property back, you might even have to pay almost a double cost of your selling price.
The slowing Australian property market discourages even more people to invest in properties. Although the property market might become stable later, for now it is wise to buy gold bullion instead of putting your hard-earned money in a house.
If you are broke and want to buy a property in Australia, you can start saving with just $ 20 a week. All you need to know is that you should start investing in stocks and property at a young age.
Another way to save up for a house is to buy gold bullions and sell them after a long time. If you have a huge quantity of gold bars you can easily sell them and invest the cash in a property.
Did you know that www.goldstackers.com.au can provide you with gold bullions at a reasonable price?
Stability of Australian Property Market
Although Australian property market is slowing down, it won’t collapse. There is no need to worry that the prices of properties will keep on falling as they will become stable at some point.
However, for the time being it is better to invest in gold bullion rather than investing into a new property. The Australian property market is not so stable right now, so buying gold bullions and saving them for selling later is a much wiser move to make.