btcclub on Nostr: Australian Property Index from 1975 through to 2023 had an average annual growth rate ...
Australian Property Index from 1975 through to 2023 had an average annual growth rate of only 2.6%.
Most of the gains came AFTER the year 2000 as rates fell continously from a cash rate of 6.25% to 0.5% in 2020.
On the otherhand, the M1 Australian money supply rose 13.1% every year since 1975.
Yes most houses doubled every 10 years, but so did the money supply PLUS the infaltion cost of living.
Everyone is much much poorer if you factor in interest, taxes and maintenance.
@MattBBTC
I had to make this chart ratio as there is not really any accurate data or charts comparing the two.
Also to note, this is Australian properties nationally. Big differences if you isolate SYD and MELB.
Please share if you want more
Published at
2024-05-28 02:32:08Event JSON
{
"id": "b7407bbf839ab4e4321d74a0a2fa1616dc5ac2aad57eb82b79a340155890f257",
"pubkey": "b4a13102284bd6879d7330accc8b3c22878d7e6699f9cb02fe2d1a44dd04beef",
"created_at": 1716863528,
"kind": 1,
"tags": [],
"content": "Australian Property Index from 1975 through to 2023 had an average annual growth rate of only 2.6%. \n\nMost of the gains came AFTER the year 2000 as rates fell continously from a cash rate of 6.25% to 0.5% in 2020. \n\nOn the otherhand, the M1 Australian money supply rose 13.1% every year since 1975. \n\nYes most houses doubled every 10 years, but so did the money supply PLUS the infaltion cost of living. \n\nEveryone is much much poorer if you factor in interest, taxes and maintenance. \n\n@MattBBTC\n \n\nI had to make this chart ratio as there is not really any accurate data or charts comparing the two. \n\nAlso to note, this is Australian properties nationally. Big differences if you isolate SYD and MELB. \n\nPlease share if you want more\n\nhttps://m.primal.net/IPkC.png ",
"sig": "6e2a2a6a7b71a3f1abbdab0116637353cb518e8c4236602f23b6adc26151567af98a63cae4e96ae98c9b17a2ca1e8f6f72db083d9319fea97331e9833a34db2c"
}
