Property Prices DONT Double Every Ten Years
It is true that property prices have doubled on average every ten years since 1901.
Their performance has varied enormously from one decade to the next.
Of the twelve decades since we became a nation, there have only been three when house prices doubled in ten years.
The last decade was one of the worst.
So don’t just buy something with high level research on realestate.com.au and Core Logic and expect to make big gains and passive income.
It isn’t likely to happen.
TIMING is everything. Time in the market is useless, without TIMING the market.
“Experts” get it wrong because they don’t understand how it works, or they have vested interests in selling property to you. The more they sell the more money they make.
This is why you should focus on data alone. And I don’t mean infrastructure, population growth, microburbs, schools, proximity to CBD.
That is stuff everyone looks at and stay stuck in their 9-5 for the next 25 years.
This next decade could be special. But I have no idea.
All I know is people who know how to TIME a particular market are going to do VERY WELL. Like they have always done.
Go deep into data. Learn it for yourself.
Don’t trust the untrustworthy.