psst this looks like a good investment

If someone had told you in 1965 to buy a house for around 10,000, that it would be worth 500,000 45 years later, would you have taken the plunge ???
or fast forward 20 years to 1986 that it would be worth 80,000, or if you waited until 1986 to buy, that it would be worth 400.000 by 2006....
ok so what if you were about to enter the market in 2006 buy 400,000...just 3 years later its now worth 525,000, or about 10% growth pa..................
well most people took the plunge, for no reason other than a roof over their heads................
all the noise about, history cannot repeat itself, and for those still outside, praying for a plunge in prices in order to get inside....its a moot point....
if you want a house....go find one that you can afford, there are plenty of them available ....but they are not in the inner suburbs of our cities.............
extract from an article today.......they are expecting the price to double in just 12 years.....
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An average Melbourne property will cost a massive $1 million in 12 years
Craig Binnie From: Herald Sun Sat Oct 17 00:00:00 EST 2009 Sat Oct 17 00:00:00 EST 2009 Increase Text Size Decrease Text Size Print Email Share Add to Digg Add to del.icio.us Add to Facebook Add to Kwoff Add to Myspace Add to Newsvine What are these?
THE median Melbourne house price will burst through the $1 million mark in just 12 years if prices rise at the same rate as they have over the past 43 years.

Property research company BIS Shrapnel forecasts the median house price will be $1,056,199 in 2021.

The staggering prediction shows the importance of buying a home as soon as you can afford it because the longer buyers delay, the more chance there is that their dream will slip out of their reach.

House prices have risen by an average of 9.4 per cent a year since 1966 when a house could be bought for just $9350, according to BIS.

Last month the median was $525,000, says the Real Estate Institute of Victoria.

http://www.heraldsun.com.au/news/victoria/an-average-melbourne-property-will-cost-a-massive-1-million-in-12-years/story-e6frf7kx-1225787726434?from=public_rss