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I agree, different markets are at different stages of the cycle. I am located in Perth so I can give a brief overview on what is happening in this market. It started rising around 2 years ago where FHB dominated the market and developers jumping in purchasing development sites, prices rose...

Just thought I would post recent email I received from Steve McKnight, love him or hate him, I think clearly he has a good point here.......time to be cautious. We are now seeing more investors than home owners/buyers in the market, no one rings a bell when it reaches the top. Also last...