Australia’s property market has created wealth for millions of people, but for those looking to break into it for the first time, it’s a difficult prospect.

New research shows Sydney’s property prices are the highest they’ve been in a decade, while in Melbourne, the city’s median house prices are now creeping up towards the $1 million mark.

This week on the Simplifying Investing series, AMP Capital’s Chief Economist Dr Shane Oliver dissects the recent trends and examines the impact intergenerational inheritance could have on housing affordability and the prospect of retiring comfortably.

Important information:

This podcast is general in nature and hasn’t taken your circumstances into account. It’s important you consider your personal circumstances and speak to a financial adviser before deciding what’s right for you. Any general tax information provided is intended as a guide only. Remember the value of investments may go up or down and you may not get back the amount you invested. The opinions and views featured in this podcast reflect the individual’s own. Date of publication 29 October 2021. AWM Services Pty Ltd ABN 15 139 353 496, AFSL No. 366121, part of the AMP Group.

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