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Actually the real investment clock as I remember is more like seasons. As equities become overpriced, property comes into favour which drives up interest which makes fixed interest the way to go and property becomes hard to hold. As interest rates drop punters go back to the equity markets...

You may have gathered that I don't watch prop prices closely. (Understatement?) In two days a tenant of mine will vacate and I will have a chance to test the market. I'm a long time native and I've always called Townsville "pregnant", ie there is always something big going to happen soon...

In Townsville it is midnight (in Antarctica) Hasn't moved for a few years.