The Australian property market isn't one market but dozens of sub-markets, each with different timing and cycles. Some properties double in three to four years if you pick the right location and moment, while others stagnate for six to seven years.
because there's no such thing as the Australian property market. It's made up of submarkets within submarkets within submarkets, and all of them are being driven by some different factors. So I've certainly held property and seen it double and do more than double in 7 or 10-odd years. Look, I've had property that has doubled in 3 to 4-odd years because I bought the right property at the right market at the right time in the market. But I've also seen a lot of assets, like I bought that first property deal, Made a lot of money to begin with, but it did nothing for another 6 to 7-odd years. And so I got rid of it out of the portfolio.
