hi,
i'm just wondering why some people say the "within 15km of cbd" has better long term growth. does it mean that anything further really has less appeal? *lets exclude beachside locations* what is the reasoning, am just curious.
also, about property cycles and the doubling of properties in 7-10 years. not sure where to get data to backtest so i'm asking what is basis of this? is this consistently happening since a long long time ago? just thinking if properties keep doubling, in a few generations a lot of people will not be able to afford houses if for example 500k median houses end up as 1 million or even 2 million in 20 years time.
am thinking that this idea applies more to cheaper suburbs? am i right?
i'm just wondering why some people say the "within 15km of cbd" has better long term growth. does it mean that anything further really has less appeal? *lets exclude beachside locations* what is the reasoning, am just curious.
also, about property cycles and the doubling of properties in 7-10 years. not sure where to get data to backtest so i'm asking what is basis of this? is this consistently happening since a long long time ago? just thinking if properties keep doubling, in a few generations a lot of people will not be able to afford houses if for example 500k median houses end up as 1 million or even 2 million in 20 years time.
am thinking that this idea applies more to cheaper suburbs? am i right?