Dear Fellow Property Investor,
It’s hard to imagine strong house price growth at a time when real estate values are falling in most capital cities, but the numbers tell a different story.
One of property’s most popular sayings, that house prices double every 10 years, is more accurate than you might think.
Despite real estate values falling this year in most cities, a MoneysaverHQ analysis of 40 years of Real Estate Institute of Australia data has found that a majority of state capitals have indeed doubled every decade.
But it hasn’t been a smooth ride, often marked by many years of little growth and then short boom periods.
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Join me and 250 like-minded property investors at the upcoming live
4 Day Property Portfolio Accelerator Summit 2022.
(12th to 15th August 2022)
(Early Bird Price ends on the 1st July 2022)
Seats are strictly limited so book NOW in order to avoid disappointment…
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Since the REIA data series began in 1980, the numbers have been impressive:
- Sydney median house prices have doubled four times, up from $64,800 to $1.06 million — a 1,536 per cent gain.
- Melbourne prices also doubled four times over, up from $40,800 to $796,500.
- Brisbane also doubled four times, from $34,500 to $530,000.
- Adelaide didn’t quite get there, doubling at least three times from $36,300 to $475,000, and it was a similar story for Perth — up from $41,500 to $500,000.
- Canberra has performed the best of all capitals, doubling almost five times from $39,700 to $665,000.
- Smaller cities Hobart and Darwin don’t have REIA records dating back to 1980, but have both doubled at least twice since the late 1980s.
Hobart’s median house price has climbed from $88,000 to $502,800 since 1991, and Darwin is up from $87,500 to $493,800 since 1987.
This has been evident in the latest released data from the Australian Bureau of Statistics (ABS) showing the combined value of all residential properties in Australia has passed the $10 trillion dollar mark for the first time in history, to a new high of $10.2 trillion in the March quarter.
And interestingly enough, what no one mentions in the media, is that this increase to $10.2 trillion came from a low of $5.1 trillion in 2014, meaning that our market has doubled in value in less than 7 years!
So, there you have it!
It appears that the Australian Housing Market Median price does in fact double every 10 years, and in fact doubled in the last 7 years!
Remember that the risk always lies with you, not with the market. The market is simply a vehicle that transfers wealth from the uneducated to the educated.
The sooner you gain the necessary skills and education to take advantage of the property market, the sooner you will be making money and taking advantage of rare opportunities such as what the current property market is presenting right now.
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Join me and 250 like-minded property investors at the upcoming live
4 Day Property Portfolio Accelerator Summit 2022.
(12th to 15th August 2022)
(Early Bird Price ends on the 1st July 2022)
Seats are strictly limited so book NOW in order to avoid disappointment…
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I look forward to meeting you at the event!
Yours in Success,
KONRAD BOBILAK
