Captain know it all strikes again


Everyone loves a “we told you so” moment and even the Captain isn’t immune.

Way back in December last year, when the media was all over the “bursting” real estate “bubble”, we enrolled some historic data to suggest that the downturn in house prices was, au contraire, relatively temporary. Fast forward to October 2019 and Melbourne house prices have recorded what Domain describes as the “fastest recovery in history” with growth of 4.1% in the September quarter, having already clawed back half the losses of the market low as early as March.

Anyway, that’s enough on that. Now we need to find another one…