jess replied to the topic Confused about long term (10yr) Capital Growth benchmark % in the forum Help Needed! 9 years, 1 month ago
use the rule of 72. judge what you think is a good return on investment. say 6%. say your property is valued in today’s numbers, say $500K. 72/6 = 12(years). this is the amount of time it is envisaged for your property to double.
Noel Whitaker, a columnist in the Age, is good at explaining this. Google/look him up.
cheersjess became a registered member 9 years, 8 months ago