Hi all. I'm still very new to property talk.
I have read in numerous places that property value seems to double every 15 years. Average property value in NZ especially in Auckland is already pretty high like $1 million... will the value continue to increase and double in next 15 years?
It's very hard to believe. A house which costed $200K in 1990 costs $400-600K in 2015.. will it reach $800-$1m in 2030? Who can afford purchasing these properties??
D
I have read in numerous places that property value seems to double every 15 years. Average property value in NZ especially in Auckland is already pretty high like $1 million... will the value continue to increase and double in next 15 years?
It's very hard to believe. A house which costed $200K in 1990 costs $400-600K in 2015.. will it reach $800-$1m in 2030? Who can afford purchasing these properties??
D
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