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It may not be different - who knows how long it may take for the credit crunch to play out. As for losing a job in a good economic climate - no problem - if its a good economic climate then its easy to find a new one! Not so easy in a recession. I know I'm coming across a bit D&G but there...

You did what you did in an entirely different economic climate. I fear that if you had started now, the outcome would have been somewhat different.

Wait a year and potentially buy something a whole lot cheaper with a better yield profile or jump in and BEST CASE SCENARIO prices remain flat for 12 - 24 months. No capital growth and an investment that is costing you money to hold. Sounds great sign me up! By waiting 12 months worst case...

Erm, quite. A perceived good opportunity may not actually turn out to be one so, yes, failing to pull the trigger can also save you money!:D Perhaps you meant to say that failing to pull the trigger can cost you money?

I think what Yieldmatters is driving at is that there is a ceiling on how far prices can continue to rise in real terms into perpetuity (long term). Myla argued that if some people couldn't afford to buy, big deal, the rich would buy up everything and the poorer masses would rent. All...

Erm, housing is more affordable on a wages ratio in every European country compared to Australia. Yieldmatters has already pointed out the folly of your post on a rental yield basis so I won't trouble you further in that regard. Thanks