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Totally agree (actually I am not sure how much we disagree at all). Capital growth is only one small part of the picture. I did not build my portfolio soley on inner Melbourne. (sure wish I had had the stack of cash to buy blue ribbon properties but alas I relied on finance for my strategy)...

Thank you so much for that information. It is consistent with what I experienced in the early 90's in MElbourne. Forced sales of some people I knew personally left them with negative equity. I do believe in the ripple effect but i think it is strong near the city and loses its strenth as it...

Yes because of the delayed factor - this includes the properties that are still hanging around at the end of the busy spring season - the ones that desperate sellers may sell at a discount because they need the money to settle on their purchase.

Are you saying that they are selling for less than equivalent houses sold in the past 6 - 12 months or just that they were unable to achieve their desired selling price and are responding by lowering their price. At the upper end pricing is very subjective!