Despite the trials of the past year, life has been pretty good in Australia over recent decades.
Homeowners have seen prices rise while mortgage rates drop. Stock market investors have enjoyed a steady and growing dividend stream, coupled with some incredible returns from the sale of public assets.
Consider CSL. Sold by the government at $2.30 per share in 1994, it traded over $300 per share last year – and that’s after a stock split.
If you bought in the float ( and still hold), you’ve basically made over 400 times your money in