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OK I have read about the "under quoting" and I realise that inner melbourne is on fire but this is ridiculous: http://www.domain.com.au/Public/PropertyDetails.aspx?adid=2006296156 Apparently this property ($670k+) according to...

So funny uou said that - I have been saying that Melbourne seems like LA 2-3 years ago :D yes I see similarities, and even without the sub-prime crash, once the economy turns down, people cannot service the mortgages they are getting themselves into. I know having been through it, I am now...