Value… it’s such a tricky concept to unpack and define.
We all know that gold, diamonds, oil and even saffron are high-value commodities thanks to their scarcity, desirability, or the fact that we need them to go about our lives.
It’s the delicate balance between supply and demand that drives up the value of these goods – the illegal drug market is the perfect example of how a highly-coveted, yet hard-to-come-by item can become inflated several times over its original worth because if people want it badly enough, they’ll pay the price.
But what makes real estate so valuable?
We live in a country with vast expanses of space, yet we cling to the major coastal cities for dear life and treat the inner-ring suburbs of Sydney, Melbourne and Brisbane like hallowed turf that we can only hope to be worthy of residing on.
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Property taps into … Read more