>Old houses are sold at prices relative to new houses. If new houses cost more and more, old houses also increase in value, especially since they are on the bes

>Old houses are sold at prices relative to new houses. If new houses cost more and more, old houses also increase in value, especially since they are on the best land (not in new far away outer suburbs). This is basically the reason... it's location right? Older houses may have bigger lots and better offsets etc... Yes you can get newer going further out but you can also remodel.