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Interesting story, Sunfish, and sounds like a beautiful place! It does seem like an extraordinary amount of money for the late 19th century. I think my parents bought their house -architect-designed 4 bed 2 bath - for about $10k back in the late 60s.

And that is the advantages of resi property in nutshell, I guess. You can leverage it to a greater extent and use your knowledge to buy well-located property. Even if average prices track inflation, rents should too so eventually you will have an income producing, inflation resistant investment.

Sorry badly worded. I meant pre-1952 growth rates not prices. Cheers

Ok. So there was a qualitative change in about 1952 then another in the late 1990s in terms of house price growth outstripping inflation, according to the graph. I guess there are a number of factors that combined to cause these -breeding boomers, pop growth, increasing land scarcity, negative...

Does this graph mean that if you bought a house in 1892 you wouldn't have seen capital growth until 1950?