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Start at the year 1900 and work your way up to today. Whats...

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TheGladiator

8,707 Posts.

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13/06/15

19:33

Post #: 15462276
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Originally posted by Steve70 ↑

Yes i know this is where you become unstuck when you are not good with maths and how money works.

When houses went from $50K to $100K it was because the Australian $1 devalued due to inflation, which meant you needed twice as many, just like you needed twice as many dollars to pay wages. Which is why it wasnt a problem on paying the mortgage.

The value of the house didnt go up, it was still worth the same amount, selling it when it was $50K means you would have got the same stuff had you sold it when it was $100K

Since 1999 house prices have more than doubled against inflation. Which is why now its a problem against wages and in a bubble.

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Start at the year 1900 and work your way up to today. Whats happened every decade on average? I'll give you a hint there will be a similarity.

House prices may stagnate or even drop slightly in the short term. However long term we will continue to see overall growth in Australian property.
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