the property bubble, page-33

TCS ,

With all due respect , those suburbs that you've mentioned were viewed vastly differently back then as compared to now . I can also remember suburbs such as Williamstown , South Melbourne and Richmond back then . Terms such as rough as guts , industrial and full of junkies come to mind. These days , all these suburbs are really nice , highly sought after and due to market forces , quite expensive.

So for those reasons , I think your example is pretty flawed.

I do agree that the inner burbs are pretty pricey these days but that is nothing different than has happened in every city around the world .

Market forces , pure and simple.

Btw , I notice you had a 40% deposit which I think was pretty standard then. No one does that these days . Another one of many things that have changed in 30 years , particularly in finance.