Bought my PPOR in late 2012 for 1.1million in lower north shore, Sydney. This was not an easy transaction for our household, just barely qualified for the mortgage. Five years and 2 months later, an identical property in my street sold for 2.2million So, the property increased around 100% in 5 years, a gross increase of 1.1 million. Pure random luck in the market. I can honestly say, I did not see this coming. My household is on a relatively high income, but there is no way that our household, let alone one person, has earned 1.1 million in 5 years. Ironically, now we would not be able to afford our home, if we hadn’t bought 5 years ago. While I don’t expect the same increase in the next 5 years – in fact I expect the property to lose some value - I wasn’t expecting a doubling in the last five years either. Real estate agents constantly proposition us to sell the property. While tempting, I know that would be a trap. How could I know that I could afford to buy back in the same location, at a later date? Short answer, I can’t know that. I’ve heard of other people, like retirees, selling up and moving location, regretting it, and then being unable to return. Warning for young-úns – and not so young-uns – be careful not to get priced out of an area, consider whether it would be better to leverage an existing asset than sell and be unable to buy back in.