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I suspect it is going to be like this until 31 Dec 2010 when the FHOG expires.

Yes, as you can see - lizzie was totally unprepared and this was "purely pot luck". Very funny lizzie :D

Hi Samantha, Property value is determined by comparable sales - not just one, but a number of comparable sales - 3-6 month recent sale, similar property, similar price. Sometimes you are able to purchase below value because of a few different factors: 1. Distressed seller 2. Unattractive...

Yes, agreed. I tried to tell people 6 - 12 months ago when I saw it happening, but got accused of spruiking the buyers agency. :rolleyes:

Daniel, The numbers you have quoted here only represent the 'standard' 5% yield. You can get that in Western Sydney or Newcastle easily enough. Newcastle has close to 500,000 people living in it. Why go out to the sticks for a 5% yield? :confused:

I can't comment on the rest, but Newcastle is my stomping ground and it has powered ahead since the end of last year (2008) - so I see it happening before my eyes. :)