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Thanks for sharing. The main point I take from that is: "It is easy to overpay for a property at this point in time, and over payment will not be covered by increasing property values over the balance of this growth cycle. My word of warning, to those who are tempted to stretch themselves by...

Just looking at the graph and mainly the upward prediction of the blue line. it seems that if someone had drawn the same blue line back in 2008 the $1m median could have been forecast to arrive in about July 2011, and if they had drawn the blue line in 2010 the $1m median prediction would...