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Yes I agree, we cannot look at just one indicator, there are so many other multiples to consider, so I would never suggest just to look at CG alone, or say vacancy rate alone, or listings alone, or whether wages are rising in the area alone, etc.... Do you get the idea, it is never checking just...

As Leo pointed out I am look at more than that, since my strategy is for never to sell, add value via reno if possible, buy at below or market value, buy what is appropriate demographic in the area, as just some parameters... I also like to check CG for the area for the last 10 years, I use ABS...