The past is in the past
Past performance - it's no guarantee of future returns.
It's often said that the next 25 years won't be the same as the past 25.
And that's no doubt true.
After all, if they were then we'd have to see something quite extraordinary happening to interest rates.
And as for the housing market, as Doc Cameron Murray's extrapolation below shows, the national median house price would rise to nearly $3 million by 2043, with a house in Sydney costing about $6.35 million.
Source: Cameron Murray
Never say never, but I'm opting for a more sedate outcome than that!
