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You are absolutely right, there is no guarantee we won't have a long drwan out decline in property prices. But if the cost of buying gets close enough to the cost of renting, there is no reason not to buy. And on the outskirts of Brisbane that gap is not huge.

Oh well, maybe I'll just wait another month. With the way things are going property prices will drop some more - especially once the double stamp duty comes in.

Hi Andrew, I am currently living in Brisbane Northside (Bald Hills) and am getting married in October, with my future wife moving down here around then (we are both from Melbourne originally). We are thinking about buying something small and cheap on the North side to live in. I work at...