Time machine is a segment where we look at hot topics from the past.
10 years ago property prices were a hot topic. (I know, not a lot has changed). It was predicted that over the next decade (2010-2020) house prices in Australia’s major cities would double in price.
Perth was expected to make the strongest gains over the decade, tipped to jump 12.3%. Brisbane was next with 11.6% followed by Melbourne at 10%.
According to Domain, they were a little off the mark in 2010.
Perth had a declined in value of 5%. Brisbane gained 22% and Melbourne gained 55%. Please note that this is 2019 data and does not take into account inflation.
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