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I don't think you "got" what I was saying. Prices go UP when sales demand is GREATER than supply. i.e. 15 people want to buy the only 1 unit for sale in the street. This is what happens (is happening) in Summer Hill (to use my original example). The 14 people that miss out are then fighting over...

Hi benzz3, Look, if you want to live in it and you enjoy it there for whatecer reason - go for it. If you are asking :"Is it a good capital growth investment?" then that is a different matter altogether. Homebush West has flatlined in CG terms since 2003 - see chart attached. Compared...