Berry, can you PM where you believe will double in 2 years in recent years? Serious question, regardless of entry price
Thanks
I'm not sure. I think these things are very circumstantial and would depend on the asset in question.
For example, there was a house in a middle ring suburb that just sold for $2.6m this weekend. The reserve was $1.6m. There may have been some chance you could have offered the vendor $1.8m and nabbed it pre-auction, maybe. Pre-auction, I'm sure a lot of people thought $1.8m would be toppy.
So the point really was that, if you knew your market very well, you could probably buy well and beat this 10 year doubling rule pretty easily.