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Which REA in Melbourne, Ruddprime. Any source to back up such a claim??

According to the article though, foreign buyers account for less than 1% of the market. So I'm not sure how much of an impact this change will have. Further on, the article states that foreigners with approval for perminant residency will be able to buy. Anyway, interesting times! The...

Seems being the operative word. The trouble is that advising a prospective FHB to either get into or stay out of the market is dangerous. The 'buy now, as prices will rise' line could end up being wrong. A FHB may be entering at the peak of the cycle, and the market may drop for an...

I think the trick is to buy something well within your means. It may require you to: 1) Buy a smaller place - eg flat, unit 2) Buy a house in an area you hadn't considered - just to get onto the property ladder. The longer you wait, the more reasons you are going to find for 'waiting'...