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If you believe that...I have some Oceanfront property in Arizona, USA to sell you!!;)

Oopsss..meant it will be cheaper to buy than rent!

I agree....I am also seeing this in Sydney in the wealthier suburbs! An interesting observation is that for the first time in about 20 years...it will be cheaper to buy than to rent in a lot of cheaper suburbs. Thus why the low end is moving well....but once the economy stablilizes it will be...