Im not after an argument, and I respect your point of view. Passive, what I meant by every fool has made money is people that havn't done as much research as yourself have had 'dunb luck'. Take a newly renovated town house a friend of mine picked up in Melb a few years ago. The owners were so pleased with themselves and the profit they made. The house was then stripped and fitted out properly. That sort of thing has happened all over Melb. "Mate, I wacked a coat of paint on the walls and made a quick 100k" Its not the coat of paint or the new deck its just 'dumb luck' for alot of people and days like that are coming to an end. People that havn't done any in-depth research have been cleaning up, so if you've done your homework you should be laughing.
Kincella, thanks for backing me up on that -
"the rba graphs, for 1996 to 2008 show starting prices at 100,000 going to 300,000 excluding brisbane and perth at 400,000 that is 20% pa compound growth..."
Now check the average from 1900-1995, I'd be interested to see what you come up with.
