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I can see it going higher but from here on anything made will be lost when prices correct as rates tick up.

Maybe not but what is the benefit in buying in an area that has done its dash for this cycle? Mad Max needs to create equity to get the ball rolling. You're not going to do that in Penrith anytime soon.

The boat has sailed. Chill your beans for a few years and look into it later or look in other areas. Edit: Just checked a property I went to look at a few weeks ago: http://www.realestate.com.au/property-house-nsw-cranebrook-118892855# "that" went for half a million beans LOL. It was a tidy...