Over the past few years I managed to save a decent amount of cash, purely by hard work, so I would like to hear some of suggestions about potential viable investments.
Originally my idea was to invest in Perth housing market, however I think that's not the best idea now when the market is slowing down. So in the mean time, I'm planning to invest around 300k cash in a low risk investment and hold the investment for 1-3 years. I expect in that time frame Perth housing market will start to recover and that's where I would jump in. The investment property would then become my PPOR in approximately 10-15 years if everything goes to plan.
As I said, I'm not keen to take any risk. My money is currently sitting in a 3.25% interest savings account. Recently I thought about index funds as a reasonably safe option. Do you think they would be a good option for me considering my circumstances?