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Just came across this article discussing current Australian property prices which another forumite has posted. http://www.dailyreckoning.com.au/reports/property-swindle.pdf It is very interesting reading and raises some of the concerns I had when I first started this particular thread. Not...

You are right Dee Hwa. I have noticed this trend over the last 6 months also. This has been pretty much since the government relaxed the FIRB rules in April allowing non australian residents to purchase residential property without needing to obtain prior approval to do so. Previously non...

Hi Chilliaa, Thanks for your reply. I do not think your comments are denigrating at all. I really value your opinion as I thought your posts in the 'What will interest rates peak at this time ? ' thread were very astute. I am in the fortunate position of having a PPOR and investment properties...

I am not surprised as the stimulus effect should impact the whole of Australia. Not everyone is fortunate enough to own multiple properties, with many struggling to buy their first PPOR, let alone an investment property. Those who have made the jump to purchase their first PPOR in the last few...

What about the 1 million dollar plus market? Surely there will be less investors looking to buy at this level?

Every major Western nation in the world has had a 20-40% correction in house prices yet Australia appears to continue to defy the trend with house prices rocketing in the last 6 months (at least in Melbourne). They have now caught up and are rapidly surpassing the boom prices seen in late 2007...