Beat the Market and Get Extraordinary Growth with this 1 Simple Strategy pt 1
The definitive answer to how much free standing houses outperform units on average is almost 150% over 30 years according to Core Logic!
The above graph shows nationally, on average houses grew 14.5% whereas units grew 10.2%. This trend means that over roughly 30 years a house purchased for the same price as a unit would be worth 1.5 times the value of the unit! For example if we paid $100k for a house and $100k for a unit in 1992, then in 2022 the house would be worth $453,100 and the unit would be worth $306,700!
This shows the long term average growth, but we want to achieve above average growth rates, so how do we do this? Continue reading this mini series to unpack some of the ways we can beat average growth so that we can Retire Rich sooner.
Reference for graph
https://www.corelogic.com.au/news-research/news/2022/the-long-game-30-years-of-housing-values