Property price growth set to double pace of inflation over ten years
Property investment, done wisely, is a long-term venture, so it is essential to have an idea of how capital growth is likely to fare against the corrosive effect of inflation.
Looking into the distance, property capital growth looks set to comfortably exceed the pace of inflation. (Image source: Shutterstock.com)
Earlier this month data released by CoreLogic showed that dwelling values across Australia rose by 67.5 per cent over the past ten years to December 2023.
And despite forecasts to the contrary, last year’s dwelling values rose by 8.1 per cent, on average, across the nation.
Some urban areas did better than others.
My first table outlines last year’s performance by major urban area. Perth currently leads the pack
, followed by Brisbane, Sydney a…
