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31/03/08
10:16
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Just looking at yearly returns on house prices
In 1988-89 they peaked and then they didn't seem to grow much for about 7 YEARS!!!!!
1988 109,000 19,500.00 21.79%
1989 132,000 23,000.00 21.10%
1990 131,000 (1,000.00) -0.76%
1991 127,000 (4,000.00) -3.05%
1992 125,000 (2,000.00) -1.57%
1993 126,000 1,000.00 0.80%
1994 130,000 4,000.00 3.17%
1995 129,000 (1,000.00) -0.77%
1996 131,000 2,000.00 1.55%
Last year the return was 18.12%
We have the most overvalued property in the world now and housing bubbles around the world are deflating everywhere
Who's to say we won't get another 7 years of declining house prices like they did in 1990
Looks like it is on the cards for sure.
1965 9,400
1966 9,700 300.00 3.19%
1967 9,400 (300.00) -3.09%
1968 10,500 1,100.00 11.70%
1969 11,400 900.00 8.57%
1970 11,800 400.00 3.51%
1971 12,100 300.00 2.54%
1972 14,500 2,400.00 19.83%
1973 19,800 5,300.00 36.55%
1974 25,800 6,000.00 30.30%
1975 27,800 2,000.00 7.75%
1976 35,600 7,800.00 28.06%
1977 38,600 3,000.00 8.43%
1978 41,300 2,700.00 6.99%
1979 45,000 3,700.00 8.96%
1980 44,800 (200.00) -0.44%
1981 55,600 10,800.00 24.11%
1982 57,600 2,000.00 3.60%
1983 59,400 1,800.00 3.13%
1984 69,300 9,900.00 16.67%
1985 75,200 5,900.00 8.51%
1986 82,000 6,800.00 9.04%
1987 89,500 7,500.00 9.15%
1988 109,000 19,500.00 21.79%
1989 132,000 23,000.00 21.10%
1990 131,000 (1,000.00) -0.76%
1991 127,000 (4,000.00) -3.05%
1992 125,000 (2,000.00) -1.57%
1993 126,000 1,000.00 0.80%
1994 130,000 4,000.00 3.17%
1995 129,000 (1,000.00) -0.77%
1996 131,000 2,000.00 1.55%
1997 142,000 11,000.00 8.40%
1998 155,000 13,000.00 9.15%
1999 174,000 19,000.00 12.26%
2000 190,000 16,000.00 9.20%
2001 225,000 35,000.00 18.42%
2002 260,000 35,000.00 15.56%
2003 295,000 35,000.00 13.46%
2004 311,000 16,000.00 5.42%
2005 320,000 9,000.00 2.89%
2006 342,000 22,000.00 6.88%
2007 403,970 61,970.40 18.12%
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