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What if we told you that one of the most common pieces of advice out there, "Every Property Doubles in Value Every 10 Years," might not be what you think it appears to be?

In today\'s installment of our Bad Advice Series, we delve deep into the notion that property values double every decade. It\'s an enticing prospect, and you may have even come across statistics that seem to support this claim. However, as with everything, the devil truly is in the details.

We explore the factors that can make or break this rule, from location and market trends to economic fluctuations and property type. We\'ll help you understand why blindly following this advice can lead to costly mistakes and why a tailored approach is essential for your specific circumstances.

Get ready to shatter the illusion that buying a property is a guaranteed ticket to wealth.

Episode Highlights:

00:00 - Introduction

02:11 - Meighan\\u2019s special house of the week

03:55 - Examination of historical data and statistics

06:41 - Truth or myth: Housing values to double in 10 years

11:05 - Growth rate of capital cities vs regional areas of Australia in the past 30 years

15:56 - Most regions have seen house values rise more than unit values after the past 30 years

20:13 - NONE of the capital cities recorded a doubling in dwelling values over the past 10 years

Resources mentioned in this episode:

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• The long game \\u2026 30 years of housing values https://www.corelogic.com.au/news-research/news/2022/the-long-game-30-years-of-housing-values
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Resources:

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• FREE TRAINING: How to make an educated decision so you buy your first home with the right amount of debt https://homebuyeracademy.com.au/webinar
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• Visit our website https://www.homebuyeracademy.com.au/
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• Learn how to buy property without making a mistake with our 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBG
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• If you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast - support@homebuyeracademy.com.au
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• Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
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• Work with Veronica: https://www.veronicamorgan.com.au
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• Looking for a Brisbane Buyers Agent? https://www.propertypursuit.com.au/
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• Work with Meighan: https://www.linkedin.com/in/meighanwells/
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If you enjoyed today\\u2019s podcast, don\\u2019t forget to subscribe, rate, and share the show! There\\u2019s more to come, so we hope to have you along with us on this journey!

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• Subscribe on YouTube: https://www.youtube.com/@YourFirstHomeBuyerGuidePodcast
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• Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825
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• Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f
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