In Australia, property prices during the last 80 years get doubled every 7-10 a long time. If a property is a well situated area, it may double in 7 years or simply earlier. In a 7-10 year house cycle, the price doesnât go up 10% every 12 months. The price goes up, it stabilises, it may fall a little, then it goes up again, and in 7-10 years it doubles. My websites: Real Estate Trends over the Last 60 years in Melbourne