Looked up information about my old house at Cardiff today as someone at work told me it was up for sale.
Heres what I found.
I bought in 2001 for $315,000.
I sold in May 2010 for $454,950.
Increase of $139,950 or 44% over 9 years.
https://www.realestate.com.au/sold/property-house-...
It sold again in December 2015 for $600,000!
Increase of $145,050 or 32% over 5 years.
It was interesting looking at the Real Estate photos as very little had changed (they had repainted the roof and I think the cedar cladding) - nearly every modification I had made was still there.
https://www.realestate.com.au/sold/property-house-...
It sold again in October 2016 for $695,000!
Increase of $95,000 or 16% over 1 year.
Again little had changed - apart from a chandelier being added in main living room and different curtains.
This interesting website shows all 3 sales next to each other
http://www.ozhouseprice.com/sold/list/state/NSW/su...
So in the 6 years I have been at Wallalong my old house increased in value by $240,000 or 52%!
Based on the selling price of Wallalong (still to be signed off yet) it increased in value by $120,000 or 16%.
So lesson is .... if you want house price growth live close to town in suburbia where the demand is - not out in the sticks.
Also whilst there was things I loved about that house - such as the cathedral ceilings, exposed beams and wooden floors - I wouldn't go back to that steep yard, stairs and separate garage again.