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Firstly I am not a perma-bear. But I think the markets as a whole are in for a period as you said it well of 'decline'. I am not predicting this on any short term time table. The momentum in the short run should continue upwards given the excitement of property at the moment and no...

maybe some should look at the long term GDP growth of ALL these cities before one starts comparing an Australian city to them. But just like the resource cycle, there are cycles within cycles. I do agree with one point throughout this and other threads, the positive effect of Asian...

yes agree totally, its each individuals capital on the line. Just the way I like it. As to who is right? well as stated I think it will depend on the time frame.

In a decade I very much doubt it. In fact if there was a liquid hedge against it (such as put options) I would bet against it. The bet being $2m in a decade. Two decades, well, I am not so confident. That's 20yrs away, much can happen in 20 years. But then I notice from your previous...

Median house value of $1million by 2015/2016 is absolutely nuts. Can it get there? Yes Will it stay there? I doubt it We are talking median prices here, so its very very broad based. Hobo-jo might have the last laugh, but unfortunately a decade or so too late, and from a price...