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Not so sure about that. As inflation rises so do interest rates and so do your outgoings. Anyway, it all sounds great in theory, the reality is usually very different.

At 3% pa you're just trading water due to inflation. Possibly behind if inflation rises even a bit. What makes you think your property will rise 3% per year anyway? Don't forget, leverage is 2 edged sword.

That's one house but it does prove that property will track at or just above inflation in the long term. But there WILL BE long periods of no or negative growth within that long term. And short periods of boom where prices can double and triple in say 3 to 5 years. In those down long...

In a lot of areas property price didn't move at all during most of the 90's. When you take the relatively high inflation into account that could be considered as a huge fall.

The 'doubles every 10 years' applies to a long time frame. Maybe 50-100 years and is used endlessly by property industry self interest and spruikers to encourage investors to buy. Even at bad times of the cycle. You can have looong time with no or little growth or times when you can double...