IQI’s real estate platform released data indicating significant financial returns for Malaysian homeowners, highlighting that those who own their homes have seen a notable increase in wealth due to rising property values.
According to Juwai IQI Co-Founder and Group CEO Kashif Ansari, “Over the 10 years leading up to 2023, the median home value in Malaysia increased by RM136,716, representing a 42% rise. Median prices grew from RM330,427 in 2014 to RM467,143 in 2023.”
The typical Malaysian homeowner saw their personal wealth soar by the equivalent to more than four years of wages – just because their homes went up in value.
Kashif Ansari
“The Department of Statistics estimates the median annual wage at RM32,000,” he added.
“The data shows that, if you can sustainably afford to own your own home, it can be one of the simplest and safest routes to attaining financial security.”
Ansari finds that homeowners with mortgages experienced even greater returns. While the median property price in Malaysia rose by 42%, those with mortgages enjoyed a 66% return on their investment over the same period.
This higher percentage gain is due to the ability to leverage the bank’s money, benefiting fully from the price appreciation without needing to invest the home’s entire value upfront.
Juwai IQI was featured in Business Today and New Straits Times.
Juwai IQI is the world-renowned property company that provides insights on property, locally and globally.
Click below to get more expert property insights from our blog!
