Bad Advice Series: Every Property Doubles in Value Every 10 Years

What if we told you that one of the most common pieces of advice
out there, "Every Property Doubles in Value Every 10 Years,"
might not be what you think it appears to be?


In today's installment of our Bad Advice Series, we delve deep
into the notion that property values double every decade. It's an
enticing prospect, and you may have even come across statistics
that seem to support this claim. However, as with everything, the
devil truly is in the details.


We explore the factors that can make or break this rule, from
location and market trends to economic fluctuations and property
type. We'll help you understand why blindly following this advice
can lead to costly mistakes and why a tailored approach is
essential for your specific circumstances.


Get ready to shatter the illusion that buying a property is a
guaranteed ticket to wealth.


Episode Highlights:


00:00 - Introduction


02:11 - Meighan’s special house of the week


03:55 - Examination of historical data and statistics


06:41 - Truth or myth: Housing values to double in 10 years


11:05 - Growth rate of capital cities vs regional areas of
Australia in the past 30 years


15:56 - Most regions have seen house values rise more than unit
values after the past 30 years


20:13 - NONE of the capital cities recorded a doubling in
dwelling values over the past 10 years


Resources mentioned in this
episode:


The long game … 30 years of housing values
https://www.corelogic.com.au/news-research/news/2022/the-long-game-30-years-of-housing-values



Resources:



FREE TRAINING: How to make an educated
decision so you buy your first home with the right amount of
debt https://homebuyeracademy.com.au/webinar

Visit our website https://www.homebuyeracademy.com.au/

Learn how to buy property without making a mistake with our
10-step online course for first time home buyers
https://homebuyeracademy.com.au/YFHBG

If you have any questions or would like to be featured on our
show, contact us at: Your First Home Buyer Guide Podcast -
support@homebuyeracademy.com.au

Looking for a Sydney Buyers Agent?
https://www.gooddeeds.com.au

Work with Veronica: https://www.veronicamorgan.com.au

Looking for a Brisbane Buyers Agent?
https://www.propertypursuit.com.au/

Work with Meighan: https://www.linkedin.com/in/meighanwells/



If you enjoyed today’s podcast, don’t forget to subscribe, rate,
and share the show! There’s more to come, so we hope to have you
along with us on this journey!


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