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I agree. I'm guessing they'll stay low-ish (i.e. no more than an extra 1.5%) for at least another 12 months, after which time I should have seen another 5-8% growth on my Melbourne IPs based on recent activity (i.e. $20 - $32k on a 400k property). It's a gamble but one I'm willing to...

I think they'll pile in because of this: http://www.prosolution.com.au/news/email/Chart1.pdf It's never been cheaper to hold an IP for the last 20 years.

My Market is North Melbourne. Not much stock at the moment. Auctions are very busy. Usually 4-5 bidding parties. High prices achieved. Not a great environment to buy in. Good environment to sell in.