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Certainly booming. Feel sorry for those not in the market.

Sometimes there's far too much armchair analysis and not enough on the ground evidence, especially from those who don't own in an area and don't really understand how the real game works. Then again that's only their loss.

How did your sub-400 low ball offer go?

Did you wake up at 3:30am Perth time to argue with them? No lectures today I'm guessing. :D

Ah you're obviously behind the 8 ball. Market has ran already. If you really knew about the market the time to get in was last year. Secondly buying below the median is hardly a relevant point to parade around. Some of the best markets is in the 500k-1m mark. You keep talking about about supply...

Just trying to get you to bid, some prices move up faster.

Perma bull made another mil in 2 months after today's auction results :D:D Love making money Oh and falling AUD, very helpful, my USD swapped at 1.04 non up 6-7%

Perth and Sydney probably have another 18 months to run. I'm not sure if 7 years is correct - too hard to predict at this stage, maybe intermittently. I think after that the next one to take off in 6-12 months is Brisbane. Melbourne is 6-18 months away from the same momentum.

Judging purely on sentiment and investor reactions, I would have to agree the best time was 6-8 months ago when confidence was at its absolute bottom across the country. The market has repriced itself from the trough, but is still far from the peaks. So it's still okay to enter the market. I...

Affordability is a function of interest rates and servicing obligations. In Hong Kong properties are far less affordable than any suburb you can imagine in Australia, average salaries are also abysmal. Yet they continue to go up. In the short to medium term, it's all about sentiment and...