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Hi MTR, 5 x reasons in my opinion: 1. Market in Sydney last peaked 2003/4 after a big run up from the 1990's. So an extended flat period to 2008/9 - now I think we are in for a few years of strong growth - which will simply return the CG chart to trend. 2. Low IRs' - lots of cheap money...

W Sydney market still very hot. Lack of stock in the $300-400K range. Agents buying their own listings (the actual property!). Most well priced properties selling either before the first Saturday Open or the afternoon of. No let up in sight.