Proofofworkau on Nostr: Average Australian home values officially up 102% (doubled price) from 2012 to 2024 ...
Average Australian home values officially up 102% (doubled price) from 2012 to 2024 as of Q3.
12 years to double.
🚨Earth to propery holders🌎 Alert!
The M3 (includes all cash and mortgages) money supply in Australia is up 108.7% in the same period.
You are infact poorer by 5.98%.
And what's worse is you paid holding costs, management fees, leasing fees, rental loss, insurances, and compulsory safety checks every single year if it's an investment property.
Bitcoin is up 60,000% in the same period.
If you had just $2,000 in Bitcoin for the same period, you would have $1.2mil aud or a fully furnished house in Australia with change.
12 years to double.
🚨Earth to propery holders🌎 Alert!
The M3 (includes all cash and mortgages) money supply in Australia is up 108.7% in the same period.
You are infact poorer by 5.98%.
And what's worse is you paid holding costs, management fees, leasing fees, rental loss, insurances, and compulsory safety checks every single year if it's an investment property.
Bitcoin is up 60,000% in the same period.
If you had just $2,000 in Bitcoin for the same period, you would have $1.2mil aud or a fully furnished house in Australia with change.