Guide to Buying your First Home

7 INTRODUCTION property 41 years ago. I have witnessed so many property success stories throughout my life and been inspired by them. If you look around, you will find the most successful people you either know or know of have created their wealth through being part of this wonderful thing called property. It is no secret. However, there has been so much negative press over the past 12 months regarding property that one does not know what to believe but there have been many times in history that we have been told not to buy property and those shouting these words have continually been proven wrong. Let’s take a look back 20 years and beyond: “No one is going to invest in property again” – The Australian, 12/09/1992 Melbourne median property price $125,000 “Property investment to drop” – The Age, 29/11/1995 Melbourne median property price $129,000 “Property investment loses its shine” – The Australian, 11/07/1996 Melbourne median property price $131,000 “Beware of the love affair with property” – Personal Investment Magazine, 1/06/1998 Melbourne median property price $155,000 The median property price in Melbourne in the June quarter of 2018 $882,082 – The Domain Group