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It's very hard to get into the market at the moment. Many houses are selling within a few days of listing, and well before they even go to auction. I think the market has another couple of years of growth but then a decline followed by a long period of stagnation. I'm thinking another 20-25%...

Yes, it has gone crazy here, especially in the last year. Some of the suburbs around me are up 20-30% in the past year. Never seen anything like it, and I have been on the Northern Beaches for over 15 years. Good times, as long as you're already in the market!

Sydney Northern Beaches house prices rise 10% in three months! http://news.domain.com.au/domain/real-estate-news/sydney-median-house-price-soars-past-900000-20150429-1mvpss.html

It won't end until after one or more of the following happens... 1. Interest rates hit 'effective ZIRP' and can't go any lower. 2. Interest rates rise by at least 1% (from whatever level they bottom at). 3. The construction boom creates an oversupply of empty dwellings (the last time this...