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Sorry, I think I'm not that up-to-date. Is it boom time already? What I mean was same unit was purchased in 2006 for a bit over $170K, 3 years on, an investor was down on her luck and mortgagee took over and sold it for less than purchase price. Shouldn't it make people start to think that...

http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=106082036&f=0&p=10&t=res&ty=&fmt=&header=&cc=&c=15417759&s=nsw&tm=1258282631 48 sqm unit sold at auction for $166.5K :confused: last Saturday. I think I saw one of the forum member there too.