Hi Guys,
Indeed we had a good run in property prices in the last 20 years.
With many examples of properties prices doubling, or even x3, 4 or more over a course of 10 years+ period
Now the big question, do you believe that similar property cycle is going to follow for the next 20 years?
The average house in Melb today is half a mil, based on this model, the average home in Melb going to be 1M in 2024?
Yes, Some Melbourne homes are already the 1M mark, but to average it out across the board
If this cycle is applicable for the future, and that history will keep on repeating itself (hypothetically in a perfect world)
Then based on this model, today, it would not really matter where you buy or what you buy, whether you follow CF or CG, just buy anything and at anywhere
What are you predictions? Share your thoughts
Indeed we had a good run in property prices in the last 20 years.
With many examples of properties prices doubling, or even x3, 4 or more over a course of 10 years+ period
Now the big question, do you believe that similar property cycle is going to follow for the next 20 years?
The average house in Melb today is half a mil, based on this model, the average home in Melb going to be 1M in 2024?
Yes, Some Melbourne homes are already the 1M mark, but to average it out across the board
If this cycle is applicable for the future, and that history will keep on repeating itself (hypothetically in a perfect world)
Then based on this model, today, it would not really matter where you buy or what you buy, whether you follow CF or CG, just buy anything and at anywhere
What are you predictions? Share your thoughts