Once adjusted for inflation, which was very high in the 1970s and 1980s, the research shows that the current cycle is following a similar pattern to those in the 1970s, 1980s and 1990s.
These cycles were not as dramatic as the 2000s cycle which was a bit of a super-cycle.
The good news is that the cyclical peaks in real terms have been 160% for the 1970s, 138% for the 1980s, 138% for the 1990s, 186% for the 2000s, and 151% for this cycle, he said.
“Add inflation at 1% a year and house prices will likely increase by about 50% over the next cycle.”
http://www.landlords.co.nz/article/6149/capital-gain-time-over
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