yes property has increased in value since 2001, well done on...

yes property has increased in value since 2001, well done on figuring that out. I would be cautious on drawing out an exponential growth curve to infinitium however. Past growth rates are no indication of future growth rates. But we all know that already.


'This increase takes in no consideration of any increase in value of the actual house on the land'

thats because there is no increase in the value of the house unless your have done some modifications/upgrades/renovations. Theoretically these always depreciate. I say theoretically because i cant rule out some fool paying 150,000 for a reno'd place that everyone within 1000k's knows cost $30-50,000. But thats an exception instead of a rule.