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Exactly (I wasn't talking about you), first home buyers (eg. 'FHB'), either owner-occupiers or investors, usually DO need a cash deposit. Depends on what you consider 'good value', I could be watching very closely for inner city or bayside properties to become 'good value' the way you see...

And did you seriously know at that time (99-01) the extent of the boom that was to follow and that it was just around the corner...or were you just lucky to be buying at that time when yields were what they were?

I would continue to do so if they hadn't banned me. Sorry, but you haven't...or if you have, it is still debatable, not that I'm going to debate it with you anymore of course.

If you were sensible you'd have this money in the bank or fixed interest investments, as I'm sure FHB probably does. If you were foolish enough to put cash that is intended to be used to purchase a property towards another investment returning 20% (with commensurate risk), as you suggest...

Be sure to give us a heads up when you find this magical time for property investing...:D

Maybe the guy who would have sold his property for 700k no longer has a buyer and has to sell it for say 600k now? At the end of the day someone has to pay for it, either the low-income FHB down the bottom, or the high-income executive with prestige property at the top end...! Perhaps a...

Maybe, I don't know. We could be over-analysing things!

But what about a 2nd home buyer, ie. another upgrader? Someone upgrading from a 400k house to a 600k house? Didn't you and I go through this on GHPC?

I agree, Australian cities are evolving into the so called 'Super-star Cities'.

Good point. Perhaps the person who can no longer afford to buy the 700k or 800k place might downgrade their expectations and buy the 600k one instead? As I said above, someone wealthier, buying something more 'affordable', relatively speaking, for them. They may even get money from their...

The whole forum is a disgrace. All my recent posts are now 'disappearing' into the ether!

It's pretty entertaining isn't it - SS is quite boring by comparison!