Mr Mellor stressed that the home buyers and investors should not expect that sort of growth over the longer term. In his view, interest rates will be rising again by 2014 and snuff out the upturn. Over the longer term, certainly for this decade, owners should expect average house price growth of around 5 per cent a year, said Mr Mellor.
He and his son, Sushile, had been living in half the home, which was divided by an internal wall, before being forced out and into a caravan park. But this week the tenant, Kelly Lee-Anne Johnson was required to leave under the terms of an eviction order from Armadale Magistrates Court.