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Why Melbourne’s properties will keep on rising

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Your Investment Property | 11 Jan 2008, 12:00 AM Agree 0
Melbourne’s property prices are rising at breakneck speed as investors swoop into the Victorian capital city. And as Malcolm Reid reports, the party is just getting started
  • Tim Roberts | 17 May 2016, 01:10 PM Agree 0
    Your article states that England’s property prices have been increasing by 10% annually since 1088. Hurrah!

    Yet while that return would be lovely for investors, I think something has gone seriously wrong with your calculations.

    An entry from the Domesday Book for Uleham’s Farm (for example), values the property at £3 in 1088. If your 10% figure were true, it would now be valued at £16,726,446,713,906,969,648,543,351,096,983,729,209,344.00...

    ...AKA 16.7 undecillion quid. (undecillion = 10^36). Try again.
  • sam | 07 Sep 2016, 05:47 PM Agree 0
    hmm
    A property investing page telling us the real estate market is solid.

    The doomsday book? REALLY~

    As for supply and demand, there's an unprecedented number of new apartments and homes being built. This is no secret and very well documented that the market is becoming saturated with low quality housing that is in excess of the demand. Increasingly so.

    Confused about this article....
  • vin | 04 Jan 2017, 01:03 AM Agree 0
    this article seems to contain quite some misleading information (e.g. house price doubling every 7 year in England, supply demand, yield rate of 4%)
  • Property88 | 04 Jan 2017, 02:03 PM Agree 0
    Please note that this article was published in 2008 so the information within may no longer be current.
  • Joe Flood | 12 Jul 2017, 02:34 PM Agree 0
    What is this rubbish? The Domesday book was a one-off compilation; births etc have only been collected in parish registers since the 1560s and property statistics have not been available until quite recently.

    House prices barely rose at all in Melbourne from the 1890s to the 1950s - that's nearly 60 years of uninterrupted stagnation. And a good thing too, makes life much fairer and easier for everyone. German house prices actually keep going down in real terms, as they should in a properly functioning market. The crazy prices at the moment are no-ones fault but our own (with a lot of government assistance).
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