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  1. https://goodreason.substack.com/p/maybe-treating-housing-as-an-investment

Fact 1: 3. Rate of return on everything: https://www.frbsf.org/wp-content/uploads/sites/4/wp2017-25.pdf

Fact 2:

According to the Australian Bureau of Statistics, Sydney's average house price growth over the last 46 years has been 7.9% per annum.

Fact 3:

According to data provided by the Australian Bureau of Statistics, the national capital gain over the past 10 years comes to 70%, with an annual growth of 5.61%, which is just shy of the 7% needed in order for a property value to double in a 10-year period.

Fact 4:

If you invested $100 in the S&P 500 at the beginning of 1900, you would have about $9,789,827.58 at the end of 2023, assuming you reinvested all dividends. This is a return on investment of 9,789,727.58%, or 9.79% per year.

This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 273,249.79% cumulatively, or 6.64% per year.