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Yep, I know that. I did say; the higher income group "will possibly". Those that are investing in one IP will buy whatever their borrowing power allows. Given that the overwhelming percentage of the population is not high income earning, then I would hazard a guess that the below median is...

Given that the majority of investors only own one IP, it would probably mean that these folks are not in the higher income group, and would therefore be looking in the below median end of the price ranges. The more cashed-up, and/or experienced, and/or higher income group will possibly be...