"The market was ahead of the curve as I mentioned in 2013 with...

"The market was ahead of the curve as I mentioned in 2013 with shareprice trends of Dulux, Boral, Fletcher, Brickworks, CSR were leading indicators.."

Sector, I have not taken notice of those but totally agree they are good indicators.

"nNd the evidence for this myth is?"

FB, I have not heard of anyone who has brought and held property over the long term losing money.

My parents paid about $10k for a block of land and built a house on it, now worth about $600k. Worth more if we take the house down.

And to think it was simply a family home, never a money making venture