Capital gain time over?
Comparative research by Reid Quinlan, who is a director of property valuation firm Seagars, suggests that property owners are not likely to make any more capital gain in this property cycle.
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, Quinlan said.
“In this cycle, prices have followed pretty much the same pattern as the 1990s, which peaked 5.25 years into the cycle, fell by 5% a year after the peak, and slowly recovered to only a 2% loss by four years after the peak.”
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