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Regardless of the sector, the madness of crowds can lead to great harm. By being vigilant, one can (hopefully) avoid bubbles. Isn't Atwell equidistant from the Perth CBD as Lakemba is from Sydney? :D Correct me if I am wrong.

$500 000 gets you lots if you want to live miles from the city. Anything closer to the city costs a lot more, unless one wants to buy a dingy old house - and even these seem to be snapped up very quickly these days. Saw a cheap weatherboard house (not unit) for sale in Beckenham the other day...

Irrational exuberance or not.....that's a great price for a large chunk of developable land with a rentable house, a scant 14km from the CBD. That's the kind of stuff that will be good for the long run. One cannot go wrong with that. Sadly, such gems are rare indeed. Buying overpriced junk...

"We will all be using the internet in a decade's time, these stocks are a sure thing". These words came from an educated friend back in 2000, at the height of the internet stock boom. Half a million dollars buys very little in Perth these days. I sold one of my IPs recently and had buyers...