Great article from The Age regarding the rise of rental property as an option for investors, here is an extract:
Following the dismal performance of shares and super funds, many older investors are likely to have a renewed appreciation for the value of a reliable income stream generated by investment properties.
Super funds have posted their worst returns since super was introduced in 1992, with default funds falling, on average, 13 per cent for the year to June 30. More aggressive “growth” funds have lost about 20 per cent.
Baby boomers in particular, hit hard by these losses and the freezing of redemptions on mortgage, property and fixed-income trusts, are likely to be considering the merits of a rental property over which they can exercise their control.
Read the full article here: http://www.domain.com.au/Public/Article.aspx?id=1247337200890&index=NationalIndex&headline=The%20return%20of%20rental%20property