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Below is a link to an interesting blog post from RP Data about the differing performance of segments of the housing market.
http://blog.rpdata.com/2012/09/are-the-rich-getting-richer-not-in-the-housing-market/
The conclusion:
The performance across price segments highlights why it is so important to drill down below the capital city boundaries in order to truly understand housing market conditions. Prospective home buyers and sellers should be looking at the dynamic of the housing market from a localised perspective ensuring they are in tune with market conditions at both the macro and micro level.
The same can also be said of the share market. Looking at the Australian market this year there has been good growth in high yielding stocks with mining stocks fairing less well.
Whether it's property or shares, we use deep levels of research both in-house and from our partners to ensure our clients make informed financial decisions.
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The information on this site is of a general nature. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions.
The financial planning services are provided by Medical Financial Pty Ltd trading as Medical Financial Planning (AFSL 506557)
