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@ Bayview: what you said is probably right. That's why choosing where to buy becomes so much more important. And hasn't recent price growth reflected that? The price drivers have all come from the inner east, outer east, south east, inner city. The north and especially the west have...

I don't believe it's as bleak as people paint it. Our global buying power will probably diminish because Asians get richer (subsantially richer than Australians), eclipse us in population and our currency will revert to around 70c in the long run. This however only drives inflation and...