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Fair points.

Except property rates will go up with increased land valuations and yields will go down if you want to rent your place to one of the growing middle class who can't afford to buy their own property. In other words, holding costs are going to go up too.

If you're selling your PPOR to buy another in the same market, these price gains just mean more stamp duty you're paying. It's even worse if you are upgrading, as the differential price is even greater now. Alternatively, if you are just cashing up, downgrading or moving to Canberra, which went...