BUBBLE? PROPERTY PRICES HAVE TRIPLED IN VALUE SINCE THE ‘80’S

If I could go back to 1980, I’d borrow everything I could to buy into Apple’s float & be one of the instant 300 millionaires – oh yeah!
My 20 year old self would invest time into travel, invest into my mind, invest into relationships (you won’t regret having coffee with Grandma instead of sleeping in on a Saturday) & definately into Real Estate.

Australia’s median house price has more than tripled in the past 20 years.

According to figures released by realestate.com, the national median house price in 1995 was $129,800 now it is $475, 000.

The most popular suburbs for buyers now reflects the push closer to the CBD. In 1995 it was Port Macquarie, 385km from the CBD, which recorded the highest amount of transactions. In 2015 the most popular sellers’ market, where most buyers were looking was Freshwater, about 17km from the Sydney CBD.

So, to all you 20+’s out there…..take note. Long term, property is an incredible investment & by looking back in time it enables us to predict the future. 20 years on, anyone who still owns their properties they purchased way back when would laughing all the way to the bank…..we know where we’ll be parking our money.