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Yeah plenty of data can be flawed, but the data I was referring to had 896 sales on it, and a history. But I'm sure with all the jobs growth, population growth, booming economy, government spending etc there is plenty of scope for growth. :)

What are the odds, and what metric are we using for success? I.e. we need a consistent reference point to start with. And I'm willing to put $5 on it. Cheers Noel

I meant in Sydney, I know the Perth ones are going nuts. But that's great, what suburb was it in? Cheers

Are rents going nuts there too?

Bring it on baby. I'm sensing a lack of bad news on the telly (carbon taxes notwithstanding...) is having a positive effect on the market finally. Anyone heard from Greece in the last 6 weeks?

I'm in. New, long term, low cash costs, rents very strong. That's good enough for me.

FLurker (I nicknamed your nickname...) Quite possible too, will depend on expected prices and rental returns at the time. I like the idea of getting cash flow neutral properties, and older properties generally struggle to get that done, whereas if you buy new, you quite often pay for it...

I'm looking in Bunbury at the moment, practically a suburb of Perth anyway, or will be in the next decade. I can get a decent 20 year old house, 2 k's from the city centre, renting for $325 per week, vendor wants about $370K, it's on 800 odd metres and already zoned R30, so ready for a second...

Kim I was looking at Yokine, Tuart Hill etc on RE.com the other day, and I swear 2 out of 3 properties had under offer on them. competitive seems to be the word.

Nope. Each person who will be on the title has to be able to say they have "never owned and occupied a house"

Burbs Surely you can come up with more than just 17 lazy reasons? C'mon I'll buy you a donut if you can get to 20. Although I must say, reason number 16 was worth a couple extra anyway... :)