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I can't say I disagree with Scott on this point. Certainly the mentality is prevalent.

http://floodinformation.brisbane.qld.gov.au/fio/floodwisesearch/floodwise_property_report/FAM-MAP/property/382940/floodwise_property_report.html?searchAddressCheck=13BORVASTD Quite a steep block- bottom bit would have flooded but the house was miles above. UCV of the land was 1.6 mill so I...

This auction happened yesterday: http://www.realestate.com.au/property-house-qld-dutton+park-118907119 Seems to have sold for $1,650,000 according to Property Monitors. Given all the hoo-haa about 1mill median Sydney prices if you had a few extra quid you could get this. Better capital...