Reflection a Powerful Learning tool

Wouldn’t it be great if we could go back in time…… We’d all be wiser and wealthier for the experience, especially if we could take back those lotto numbers with us! Of course the reality is that we can’t.

So what can we do?

You need to learn from past events and be wiser from that experience moving forward. When it comes to property and building wealth and a passive income stream, it’s exactly the same.

So let’s take a quick look back into the history of house prices sourced from the Victorian Valuer General’s Office: Melbourne Median House Prices
1974:(Data first Collected) $25,500
1980: $40,000
1990: $131,000
2000: $190,000
2010: $495,000
2020: $??????

The question you need to ask yourself is, over the next 10,20,30 years is there something that will stop this from happening or will I take action to share in some of this, so I can look back in time and say ‘I’m glad I did!”