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Isn't it bizarre they're not buying in 2012 and want to buy now?

Well one investor friend I know is just a reckless mother of 3 who tells Centerlink she is divorced so gets $1500 per week pension money while her allegedly divorced husband earns $2000 cash in hand a week as a truck driver. They own 4 properties. Wonder how some of these socialist pollies...

I have no doubt Sydney is in a bubble and you'd be nuts to buy something now. Wasn't old enough to see 91 recession, but remember friends' parents jumping off buildings in Hk in 97 Asian Financial Crisis.

Never get why you'd sell your PPOR. I can understand selling IPs but a PPOR is a consumer item and safeguard.

The biggest boom was Marvellous Melbourne's 1800s boom during the gold rush which made it the second richest city after London in the British Empire. That was of course followed by a great crash.