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I think you're trying to read more into it than I've really said here. What I'm saying is that even if you buy at the peak of a boom i.e say in Sydney in 2003: 1. No-one knew that was going to be the peak (it was only declared as such in hindsight) 2. If you held onto that property it would...

You are probably holding a Melbourne-centric POV there. Sydney is in a differnt part of the cycle having been flat for 2003 - 2008. But you really missed the whole point of my post, which was that most people cannot pick the right time to buy (or sell). But trying to pick an entry point is...

No, there're not. They surpassed that peak for the most part in 2009. No, again you are mis-quoting. Property doubles on average every 7 - 10 years. Some triples, some quadruples, some goes up 50% and some goes nowhere.

What is wrong with this view is that it fails to understand that in a typical cycle of say 7 years, is that for 5 of those years the market either flatlines, falls slightly, or grows slightly (i.e. basically goes nowhere). It is only perhaps for 2 of those years that the really big numbers for...