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Do Aussie property values double every 7 years? – MacroBusiness
According to Martin North’s Digital Finance Analytics surveys, the majority of Australians still believe that property values rise on average every seven years. In the above video, Martin North sets the record straight, busting this myth using a number of exa…
According to Martin North’s Digital Finance Analytics surveys, the majority of Australians still believe that property values rise on average every seven years.
In the above video, Martin North sets the record straight, busting this myth using a number of examples.
For Aussie property to double in value every seven years, values would need to grow on average by about 10% per annum. This has not happened over the past 40 years, as illustrated in the next chart:
According to CoreLogic, property…
