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The intersection of theory and practice, only place you are ever increasing your purchasing power.

To me that metaphor is by far the most valuable takeaway from the whole thread! Perhaps the truth is somewhere in between?

Rents have done ok or better though in a lot of areas.

If we can take any lifestyle considerations out of the mix then the idea of selling one Australian home to buy back in later and benefit from the trade financially seems like a clumsy way to express the view that residential is overpriced, for many reasons, but could start with the transaction...

Property risk highest in a long time I guess to take a short cut we could lump all of Australian residential into the 'property' bucket, but then we would need to define 'risk' and 'long time'