http://www.news.com.au/story/0,23599,21426161-421,00.html
Michael Yardney claims Darwin house prices will be over $8m by 2036.
I hope he doesn’t calculate his property development profit forecasts with the same calculator he’s using in this article!!!!
I get something more like $3m
it’s just a number – in real terms it probably wont be worth anymore than today. the key is making the property pay for it’s finance – the original laon value of say $385,000 will be miniscule but you will own the original asset
Originally posted by NATS12:Michael Yardney needs a new calculator
Either that or Darwin has cracked the $685,000 mark!
Darwin’s median house price is now $385,000.
Adding 8 per cent per annum to this figure sees its value at $830,000 in 2016 and $8.36 million in 2036.That’s from the ‘journalist’ – Ben Langford. It’s a disgrace, an absolute shocker. Mr Yardney’s naive (or cynical?) comment is nasty too:
“In 1968, my mother bought a house for $25,000 in Melbourne,” he said.
“It sold last year for $600,000. That’s just what happens to property prices.”At least he leaves me in no doubt that my $5,000 wager is absolutely safe!
http://propertyinvesting.com/forum/topic/24327/2.htmlCheers, F. [cowboy2]
You must be logged in to reply to this topic. If you don't have an account, you can register here.
