"Justis, every property analyst was predicting a 50% fall in the immediate wake of Covid"
I don't recall any thing like that, mind you here in WA we are pretty isolated and the covid impact was minimal. But I do recall how regional property taking off.
Rule of thumb is that property on average increases 8% per year, so on average doubles in value in 10 years. That seems to have played out here property here cost about $38k in 1979, in 2019 $600k and properties selling for about $1m now so on track track for $1.2m in 4 years time.
Of course the economy and RE prices are not linear but because there is a constant need for housing any downward movement in RE purchase or rent prices is short lived and the forever growing demand for housing maintains the upward trend.
I'd say the Trump effect will get sorted before long, the global market will pull Trump into line as we have seen the stock and bond markets has
