From: Alan Hill
Statistics are interesting things aren't they?
I was looking at some Housing figures the other day that I believe came from the Real Estate Institute. They went back 20-30 years. Average annual capital growth for Sydney was around the 7% mark for that entire period.
Every one tells us that Sydney is going through an absolute boom at the moment and yet I heard on the radio today that in the last 12 months Melbourne has gone up about 14% and Sydney about 6.4%.
I hope the next figures that I see for Sydney show something very different to 6.4% to warrant a boom description. Melbourne at 14%. Yes. 6.4%....no. Maybe these figures just reflect a large lag?
Statistics are interesting things aren't they?
I was looking at some Housing figures the other day that I believe came from the Real Estate Institute. They went back 20-30 years. Average annual capital growth for Sydney was around the 7% mark for that entire period.
Every one tells us that Sydney is going through an absolute boom at the moment and yet I heard on the radio today that in the last 12 months Melbourne has gone up about 14% and Sydney about 6.4%.
I hope the next figures that I see for Sydney show something very different to 6.4% to warrant a boom description. Melbourne at 14%. Yes. 6.4%....no. Maybe these figures just reflect a large lag?
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