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Yes, you're correct. However, bear in mind that when lenders approve loans for borrowers, they use a rate 2% higher (the "assessment" rate) than the present one. So borrowers should be able to do a 2% increase OK. Yes, I agree. Hindsight is a beautiful thing :) I think it was more the retail...

I've got news for you: its happening in Sydney, Newcastle, Brisbane and a few other places around the country too. In the case of Sydney the last boom was 2003. So here it has been 6 long years of waiting to see growth return. ** sigh** Your kidding surely? Back in 2007 we (investors anyway)...