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But that's just it - is that a 'fact'? Based on my extrapolations above, I don't (personally) believe assuming units will catch up is that much of a guess - unless of course you think in 50yrs houses in a suburb will be $50M and units $10M (exaggerated example I concede and obviously by no means...

I'd definitely be questioning your assumption of houses outperforming units CRC. Even taking your St Kilda example, just because the past figures have shown those returns - doesn't mean units/apartments won't catch up again at some point. If you were to assume the same growth rates for the...