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EXACTLY! There is no one Brisbane market either. (should made that point clearer too :p)

I do not think that you can take one broad brush and tar the whole RE market in the nation with a single "trend". It does not work like that. Just like last year in 2010, the "trend" Australia-wide was up +5.5% but how did that apply to Brisbane which was off -2.9%? You can't buy an...

I have not seen one single trend apply nation-wide. What I have seen nation-wide is some places falling, some stagnating and still others rising, in different areas, and all at the same time.

Look, in my opinion, Perth is is a different part of the RE cycle. A few years back its median price exceeded that of Sydney for the very first time. That was clearly unsustainable (to me at least) & a good indication that the Perth market had overshot. Now it is just correcting over there.

Oh please..... For year ended 2010, according to Residex: ACT +8.93% Adelaide +3.13% SA Country +2.57% Brisbane -2.90% Qld Country -1.43% Darwin +2.15% NT +4.15% Hobart +4.99% TAS Country +2.9% Melbourne +9.21% VIC Country +9.26% Perth +0.41% WA Country -7.84% Sydney +6.51% NSW Country +4.78%...