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That's part of my argument. All that is finished now and yet prices are continuing to rise. From first hand experience. Every week-end I am at Opens and auctions. I am witnessing huge demand and limited supply.....and sentiment is not being affected by piddly 0.25% IR rises that the RBA is...

Then why come on a property forum then? Where the participants are quite obviously biased towards property investment :confused:

Hi willair, I have not sold any property in the last 15 years - zip, zero. I have however, purchased quite a lot ;) I did sell one property when interest rates were 17-18% in the Keating era. That property is now worth 3x what I sold it for. :(

RBA warns home prices could go higher Ah well, the RBA is on the bandwagon now - even they are predicting house price rises :p http://www.smh.com.au/business/rba-warns-home-prices-could-go-higher-20100310-pwlj.html

Yes, have a look at the graph attached. The Medowie market has quite clearly NOT tanked - in fact quite the opposite.........great local agent :rolleyes:

It is still rising. I'd hang onto it and ride the wave :)

People keep asking me if NOW is the peak (because prices have reached 2003 peak boom levels). IMO, now is the START of the cycle. people buying now have missed 10% growth of last year in 2009, but there is plenty left to go.