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Well the problem at the moment is that once these newbie investors make $50-100K profit selling a highly rised CG property, they think they've hit gold and then take out 3-4 more properties hoping it will do the same plus in the same time tell numerous family/friends who then go and do the same...

There is truth to this statement, there are so many newly generated investors due to this boom who have no idea about why they made a decision to invest in property. I can vouch for this because many of the people I know (friends, relatives) just buy because they tell me "Everyone is doing it...

lol, I know what you mean! I was reading the Bulletin newspaper a few months ago which had frontpage news of some guy making $50K captain gain.. Then a month later it had articles about Property Doom. :confused: