Generation Y. This is the age group of people born between 1976 and 1986.
Baby Boomers, Double Income-No Kids, Generation Y, Professional Investors, Singles - Sunday, June 7, 2009 15:45 - 0 Comments
Residential property has been the best performing asset class over the past 20 years, producing average annual returns of 12 per cent.
Property is top performer
Shares are second with an average return of 11 per cent, global investment firm Whiterock Capital Partners says.
WCP chief executive Andrew Donnelly says Australian residential property has joined gold as a haven for investors who have been disillusioned by shares and other types of investment.
“Residential has become more popular as it retains its value,” Donnelly says.
“Speculators consider residential property to be boring, but these days boring is beautiful.
“Capital preservation is imperative and high returns come second.” Continue…