Quote:
Originally Posted by Mercury Bullet
PS. You must have had a small house, in 1972 we paid $17,000 for 3 bedrooms in the Perth nthn suburbs.
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Yep, it was a small house in outer Brisbane - 9 squares of high-set Fibro 3 bed, base quality spec house. Basically a dump, even when new. The same type of house sold for $17,000 about 12 months later when inflation started to hit.
Nonetheless, that little dump is now worth $500K - mostly location and land value.