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I have come to the conclusion that its the D&Gers that are the speculators - they are so focussed on capital gains and the day to day of "what is it worth now".

They did but sold it all in 2002 because property prices couldnt get any higher. They are going to buy back in at 1988 prices in another 6 months.

In which case you may have mistaken Western Sydney for Australia.

Maybe in London. In my area of Brisbane there is nothing for sale. Its going to be a real problem if I end up trying to help a family member buy a property because the market has completely dried up. And you can't buy what isnt there - although we will have a go at buying offmarket.