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Oh, well done Devo! But you know what? For all your sarcasm, I actually see things written in the media and various fora that make those claims all the time. Anyway, who's being doom and gloom here? Some people here are of the opinion that house prices cannot continue to double every...

Yes... I suppose what I am saying is this.. One day the 'market' was saying his house was worth 300K. And very soon after the market (his auction) put that value at 220K. So property prices do indeed go down, as well as stagnate for years. They were also fortunate in that rapid wages...

Oh, Yarraboy, it wasn't a mortgagee sale. He owned the house outright. He and the MIL bought it in 1970 for 21K. She also worked, full time. They said that they were so nervous, they thought the mortgage was so huge. A couple of years later was a wages breakout, and huge inflation and the...

My father in law was telling me recently about his house in Melbourne in the late 80's/early 90's. The suburb had absolutely boomed. Supply could not keep up. He literally had one guy knock on his door and offer him 300K to sell immediately. He refused. He didn't want to move. A matter of...