this post could be biased but I base it on WA housing, having only purchased in WA
1 Purchased 1st house in 89 for $54000
2 Purchased 2nd house in 2000 for $135000
3 Purchased 3rd house in 2002 for $220000
Sold 2nd house in 2004 for $235000
1st house valued at $150,000 positive geared at the moment to $400 a month.
3rd house valued at $335000
I love the property market and I love equity. If you are determined and make good decisions you can't lose. The 100 richest people in Australia most got that way through property.
I know this is a can of worms but I believe 2 ideas
1. Australias Population is increasing
2. The land available is decreasing
Good formula for increased house prices
And History is a good measurement
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