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12% sits ok with me. on the back of 0 to 40% declines in the year or two before. mind you karratha is up probably 20% since Sep last year. of course the first numbers have holding costs and neg cashflow to pay for, the second numbers are CF+. aint cashflow grand?

the index is good as it attempts to strip out improvements, however to suggest that in 1 month they can adjsut every sale based on the qualities of each transaction is IMO fanciful. i wonder if they have a 'chris joye weighting factor'??

disagree completely. all this means is that cheaper houses aren't selling (or more to the point demand was dragged forward and is now satisfied) - not sure if anyone benefits from this?

I wish I had headed these warnings earlier - I should have pushed the sell button on pretty much all my dog resi's

The market is back to older times that will require more skill. Buy n die will require more selection, value add and cash flow are king.

given that most of these achievements revolve around cheap oil then yes it is a scary prospect.

resources is the ONLY game in town now. IRs will reflect the activity in that segment. if you aren't in resources (or a beneficiary of) then prepare to get smashed, we are in a 2 speed economy for the foreseeable future.