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Don't get too excited girls, today was the last day of school holidays so I am guessing the fun will not continue tomorrow, until after 3pm when BeeB gets home :)

Without knowing the Melbourne market well, the entries into Sydney are on similar levels in the following general areas: - Liverpool - Mt Druitt / Blacktown - Campbelltown (further out than the others) Should be from mid 200's or thereabouts to get into most of these. The 180k deals are an...

The highly negative geared areas are also likely to be those that will not be affordable for FHBs anyway, even if prices did drop. Sure there will be a smaller flow on affect to the sub 500k market, but I would expect the biggest drops to be in blue chip suburbs.

Or rent in the suburb of your choice and buy IPs in other areas which have higher rental yields. This is what I am doing.