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I don't know what property market you are talking about but I've made far more money in the past 12 months than I ever have, and I've seen plenty more people around here do the same.

...because those who have made money know how to, obviously.

I know exactly where that property is which he linked to. It's not worth $1.5m at all. It is on a main road and the backyard is right adjacent to a massive motel complex. If some idiot is prepared to pay $1.5m for that then we are in the middle of a big boom as these type of properties do not...

If you lived and bought in the places that both Deltaberry and myself do, then you would see the increases. It's so obvious. I am a great beneficiary of it, not complaining one bit.

Well the economy is far more complicated than interest rate drops. It all helps though - particularly for credit. Servicing rates drop, existing commitments drop. I can see the flow-on effect already.

If they are anything like the baby boomers I know they will never stop working. Only people without money dream of retiring.

I don't even know what he's talking about. Everyone I have talked to in Melbourne who bought last year has already experienced massive growth - in established areas of course.

From the markets that I watch I can see things are coming up again. Things that sold late last year were bargain prices.

I'd be bolder than you and say that boom times should be coming. We bottomed in Melbourne mid-late last year in my view.

It's just an example. Change the numbers from 5-->9% and 2-->6% and it's the same thing. If you borrow even more than 80% then the RoE is even higher!!

Selling your house to 'win' in terms of some house price index is just ludicrous in my view. Then again, I don't worry about small money, I focus on big stuff.

I think we bottomed mid-late last year. Of course this is anecdotal from my experience but for example a site in Box Hill I bought for $1.45m is now worth at least $1.8m based on what someone paid nearby for an inferior site in Box Hill South. Friend of mine bought 2 terrace houses (inner-city)...

Maybe in Adelaide but down here it's as strong as ever :)

...till touchdown brings me round again to find...