I think people are getting into a debate that is circular.
(again)
As the stock traders vs investors arguement continues to rage, it is the same with property.
To get any true value out of the debate people should put time frames to their buying and selling.
There is times to trade property if you are savvy enough and times to buy and hold but neither guarantee a better return than inflation unless you hold for over 20 years.
The pundits often quote real estate doubling every 7 to 10 years and trot out statistics to support the arguement.
I bought a brand new property (large 4 x 2) in Warnbro (Rockingham WA)about 15 years ago FOR $130K. Within 5 years it was valued at $109k.
Sold it after 11 years for just under $170k.
Not much of a return for 11 years.
Of course what happened next is obvious.
4 years later the house is worth around $400k
lol
some interesting comparisons, page-53
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