This is the line of thinking that got Australian housing into this mess where an average family can't afford a decent home. Most people don't have dividends and capital gains. How is an average family supposed to buy a home if they're competing against others using unfair means to leverage up? This is just a vicious circle with capital gains feeding into more capital gains as the property ponzi bubble inflates and pushes house prices out of reach. You can easily see from these charts...
Property Bubble Chart Gallery ...just how overpriced Australian housing is compared to the rest of the world. A family on average wage should be able to afford an average home without relying on bonuses and phoney dividend streams and false equity that can vanish in a puff of smoke when deflation sets in! What is so "star performing" about excessive house prices. You say this like it's a good thing. Will you not be happy until every normal family in Australia is priced out?
Sincerely, congratulations on taking the 1st step.... DENIAL.
Once your financial education & intelligence improves you can move to the 2nd step.... ACCEPTANCE
Only then, will you be prepared to consider step 3.... ACTION
Progress through steps 1-3 will lead to the best step of all, step 4.... REWARD
I once had a bitter view of the world, felt hard done by, outsmarted, out-manoeuvred, underpayed and undervalued.... I was merely in DENIAL of how the world operates financially.
Upon ACCEPTING my lot in life, I was inspired to take ACTION. I increased my knowledge & financial intelligence (which is now a lifelong journey) and improved my value to my employer, as the first active step. I took the less ambituous, low risk, low reward path, by sticking with full time employment.
Now that I had taken ACTION to improve my financial position and increased my income by becoming more valuable to my employer, I started to wonder why everyone else didn't do it... because it really wasn't that hard.
So now you can take financial ACTION and use some of that surplus income to "take an unfair advantage" on the masses....
Upon starting to realize step 4, you become even further inspired and begin to understand for the 1st time, that there is a parallel world out there that you could never understand, because you were always in DENIAL.
If you can't bet them, join them!
I wish you you good fortune on your journey...