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I must be in dreamland. It's great. I'm living the dream...and lovin' it. Cheers. :)

Indeed, it was the middle of nowhere. My Nanna's father owned all of Morley and ran cows on it. When he died in the 30's, it was bequeathed to my Nanna. She was pretty switched on, but her husband convinced her to sell - cos it was too far out - and buy a shop up in Mundaring...

Fair enough. I asked my father if he ever looked at this suburb to buy in way back when. He laughed and said "not a chance". Apparently they were trying to buy a place in the early 60's, and their absolute top budget figure was 8,000 pounds. This was able to buy them a 3x1 B/T house in...

You misunderstand me Thommo. I made no such comment about any person. Simply stating data, and showing that decent property, held for the long term, averaged around 12% pa growth. Nothing stellar, plenty of ups and downs, but averaged 12%. Compounding starts to weave it's magic after that...

The suburb we live in, about 6km from the CBD, was developed in 1914. ------ Average blocks sold for 28 pound each. Purchaser's were required to pay 1 pound deposit, and 1 pound per month thereafter, no interest payable !! They now sell as a vacant block for 2.5m $ 56 up to 2.5m...