property - very scary stuff!, page-15

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