Southlands Estate Agents
25-02-16 by Trevor Holmes

Property prices double every decade?

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It’s often said that property prices have a cycle and that everything runs to an almost certain schedule in real estate; many we’ve covered before like; the best time to sell is spring?, or never sell at Christmas? All proven of course to be untrue. Most people we speak to all know of the notion the 10 year (some say 7 year) cycle of real estate doubles your value in property. The question, is does your property really double in price over a decade. Well Rp data has just released the stats for each of the “2” decades just passed Jan16 – Jan 06, / Jan 06 – Jan 96.
Concentrating on just (our) the Sydney market we can see, a 78% increase in home value, compared to the previous decade also of a measly 41.7% increase, debunking this and yet another Real Estate myth entirely.
Disclaimer
In compiling this publication, Trevor Holmes has relied upon information supplied by a number of external sources and Trevor Holmes does not warrant its accuracy or completeness. To the full extent allowed by law Trevor Holmes excludes all liability for any loss or damage suffered by any person or body corporate arising from or in connection with the supply or use of any part of the information in this publication. Trevor Holmes recommends that individuals undertake their own research and seek independent financial advice before making any decisions.

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