Longtime Real Estate Ownership to Reap Results

Figures have indicated that holding onto real estate has its financial benefits, given that real estate in Brisbane has grown in value tenfold over the last 40 years.

Data from the Real Estate Institute of Queensland (REIQ) has found that in 1970, the median worth of Brisbane property was $9,900 - compared with $510,000 as of the December 2012 quarter, according to the Courier Mail.

When converting $9,900 into today's money ($102,316) it still represents good value.

The profits derived from keeping a house for a number of decades are despite ebbs and flows within the marketplace. The Whitlam Dismissal - which saw Gough Whitlam dismissed as prime minister by the governor-general - is an example, as inflation resulted in prices skyrocketing, while the recession in the early '90s saw property prices decline.

A greater number of people may benefit from this trend, as new research has found that homeowners are moving less frequently than they have previously.

The current average length of time for real estate ownership stands at 9.3 years for homes, which is up from 6.8 a decade ago, RP Data's Cameron Kusher told the Daily Telegraph.

He said: "An increase in holding periods is logical when measured against the decline in sales.

"Added to this is the fact that the population has continued to grow given that home values have risen."