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Gee some of those house prices out west have me shocked :eek: My area (upper North shore) doesn't look so frothy at all now.

Don't silly emotional buyers only want something when they see (or hear) another silly emotional buyer wants (usually on first open weekend) and not something that has been sitting stale on the market for four months?

http://smh.domain.com.au/real-estate-news/home-buyers-line-up-for-three-days-to-purchase-property-20140903-10btc7.html Heres one for ya Cliff :)

I suspect calls for macroprudential policy might end up order of the day. These record low interest rates might be lighting up asset markets but that's not flowing through to the rest of the economy. Its a strange paradox just ask bayview ;).

I am noticing in social occasions people are starting to talk about property market in a way I haven't seen since the boom early last decade. Letterbox is chockers with 'good time to sell' brochures. It sounds like a bit of panic buying is going on, FOMO as they say.