Indeed we had a good run in property prices in the last 20 years.
Now the big question would be that, do you believe that similar property cycle is going to follow for the next 20 years?
The average house in Melb today is half a mil, based on this model, the average home in Melb going to be 1M in 2024?
Yes, Some Melbourne homes are already the 1M mark, but to average it out across the board
If this cycle is applicable for the future, and that history will keep on repeating itself. Then based on this model, today, it would not really matter where you buy, whether you follow CF or CG, just buy anything and at anywhere, it will sure double in 10 years
But in fact, I know a few areas which clearly does not follow this rule of 10 years double in value