A sore lesson from housing history

Much commentary on Australia’s housing market has been notoriously short-termed. A longer view casts serious doubt on the theory prices will double each seven to ten years.

It is often said those who fail to understand the mistakes of the past are bound to repeat it. In one area, this holds spectacularly true: the residential real estate market. History has shown time and again the fortunes of Australians are closely linked to the housing sector, with bricks and mortar generating a great deal of prosperity and despair. Long-term trends in property prices provide for a fascinating understanding of the housing cycles that have occurred since the 1880s.


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