412 | The Best & Worst Performing Markets Over 30 Years! - Chat With Tim Lawless
The Property Couch
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Timing the Market Is Important, but Timing the Market Really Does Shine the Light on Creating Wealth Over the Long Term
The median house in Blue Chip Country in New South Wales grew by 589% over a 30-year period. A Sirel Dodger's ferry in Hobart for houses that grew by $586,000 has grown by 496%. The evidence is suggesting that that scarcity level and all of that value is eventually being baked into the land. If you're playing for the long term, if you wait for it to bottom out, you might actually pay a lower price at a higher interest rate. It could end up costing you more to hold the asset, given the fact that you've got a 10, 20 year outlook. And yet the graph I've overwhelmingly says, well, the
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