The next years so based on an average values of houses going up by. percent per annum since the national average house would be approaching million by but in terms of what we’re actually earning there’s going to be a massive disparity between the growth of wages and properties and guess what it’s going to be a massive gap which means that the future wealth is going to be concentrated with people who own property and the division of classes.
Will be based on people that aren’t property and don’t own property if you want to look at what what that looks like look at Germany percent of people in Germany who rent no one can afford to buy Property valuation sydney anything you got you got the second and third generation renters now in Germany the ones that was smart enough to get into the property market after the Second World War which is when the country was virtually bankrupted have cleaned up completely and not only.
That they use the initial investments to leverage other investments because money makes money so if you want to know what it looks like as a country where there’s a massive gap between wages and property price growth look at Germany right now in terms of the rental market which is very interesting so this is extrapolated median house values by Sydney’s million the purse.
Melbourne million national average million extraordinary so when you think about it and you know – this is years from now guys years will go like that you know and there between now and then is simply how many properties is secured and how well you do you know in your retirement or your wealth creation if you look at apartments same thing Melbourne million sydney’s.