property 12% outperformed equites 8%, page-28

Kincella, all of that outperformance in property occurred from 1999-2010, to put RP on par (or just slightly beating, certainly not by the amoount in the data you posted) returns from equities over the last 20 years.

Problem is this: RP cannot rise the way it did from 1999-2010, in this coming decade UNLESS wage grwoth goes through the roof. I mention this over and over again, yet somehow you can't comprehend the fact that we are not headed for never ending capital growth above and beyond real wage growth (as experienced from 1999-2010).

The likelihood that property will even deliver a decent positive return (after inflation and costs are considered) this decade (end of 2020) is dubious. Anyone purchasing RP who is in their 50's and expecting a repeat performance of 1999-2010 just in time for them to retire is dreaming. The likelihood is remote.

Property might go up, but it's not going to be by the amounts you are all accustomed to.