Does Australian Residential Property really double in value every seven to ten years?

I am referring to an article I have read - the full transcript can be found here

The question being asked relates to the national pastime of capital growth for real estate and our expectation that any property we buy will double every 7 to 10 years.

1. Do homes double in value every 10 years?
2. Do homes NEED to double to pay off your investment and generate significant rental income ? NO

Although capital growth is important, I believe in getting the fundamentals right. This includes selecting residential property that is appealing to home owners and provides the right cash flow for your situation.

" For example, research shows that between January 2006 and January 2016, home values across Australia’s capital cities increased by a total of 72%. Looking closer at the numbers, house values increased by 73.1% while the value of units increased by 64.3% during that time. If we examine the figures in more detail, we find that the 10-year growth varied significantly between capital cities. ... average values in Melbourne doubled (100.9%) : Source: CoreLogic March 2016

Unfortunately, there is no way to predict the annual growth rate of a property. For most investors, I recommend residential investment property that:

? Is appealing to home owners

? Is in a good location for home owners – near jobs, schools and transport

? Has the right balance of capital growth and cash flow

? Is what buyers demand in the location — not what you think they need.

What is the alternative to Investing for Capital Growth ?

You can start by reading you recent article - here

Kelvin