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picastoc

28,521 Posts.

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16/03/18

21:38

Post #: 31820497
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Originally posted by DavoMagic ↑

Highlights the importance of property taxes going forward to rudder society in Australia through the inequalities caused by the intervention.

One lady from SA I recently met who had and lived in Melbourne and said her old house in Caufield in the past has doubled in value said her sister living in Melbourne had a property in a suburb near the cafe precinct and not to far with access to Melbourne central triple in value in about 2 years after a refurbishment. Thats right and I questioned this actually using 300% in two years in which she confirmed this was accurate!!!

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If a figure triples, that is a 200% gain not 300%.

I live in Melbourne, and the price rise is quite believable.
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