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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....
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