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According to this article , http://news.domain.com.au/domain/real-estate-news/sydneys-new-milliondollar-suburbs-20140801-zz1g8.html There are 172 suburbs in sydney with a median over 1 mill ...... Cliff

Having worked out there I can vouch for that . Knew one multimillionaire who lived on luxford rd . Cheap house , weekender on the south coast , nice cars , boat etc . Lots of money to spend on toys :D Cliff

Skater , are these places being listed with a price or going to Auction ? Has that changed recently or has it been like that for a while ? Cliff

Brisbane follows sydney . People get priced out of sydney and move to Brisbane , or sell up and then move there Be patient grasshopper , your time will come .....:D I hope . I bought in Brisbane last year ;) Cliff

Latest report from news corp on the weekend auctions Sydney home auctions took an extreme turn last weekend as bidders threw caution to the wind in a string of surprising results. A number of homes attracted prices well above reserve, with buyers not scared to pay more for the properties...

So close to 80 % .... 79.1 % clearance rate for sydney for weekend of 2nd august ... On a total of 330 houses that just three houses more to make it 80% . Will be interesting to see what happens next two weekends . Certainly more auctions coming up on those two Saturdays in our area...

We know of one " bargain " . One recently sold in Bareena for around one mill under asking price , which was 4 mill. From what I can see it's only impacting around one block around the proposed site . Once you get more than that away it seems to be business as usual. So low balling places...

I went to one auction yesterday . Didn't sell at auction , but must have sold in the aftermath as it's now listed as sold . Interesting dynamics at the moment . About one out of five auctions we've seen has been highly competitive with the property selling at the top of the range we expect ...

Sydney Auction clearance rates hold at 77 % for second week in a row. Cliff

We'll be keeping our sydney IP's . Happy to watch them keep on going up . All long term B&H's Cliff

Downsizing :D Cliff

Mid 400's is what I'd expect if we have the typical doubling each cycle . 500 k ... Might be a couple of suckers . I remember talking to a very happy investor around ten years ago who was happy with the bargain he'd picked up ? Around 240 ... Cliff

No idea , but that's what happened last year . Cliff

The jump last year was in Spring and the couple of months after Christmas Cliff

I hadn't checked clearance rates for the last couple of weeks , but a quick check shows they've moved back up in the last two weeks , closer to 80 % http://news.domain.com.au/apm-news/sydney-july-19th-auction-report-20120423-1xfsg.html The Sydney auction market continued its revival at...

Mark I don't a bucket will be enough at this stage . I might need a cold shower . We're planning on selling our PPOR in the next months and at the moment all the property gods seem to be aligning . Cliff

That links to the info but not to the particular presentation. Often ABC 24 have a negative spin on their presentation of property related info , while this one had a decidedly bullish spin . BTW Mark , good to see you back , haven't seen you around for a while . Cliff

As I turned on the TV this morning ( ABC 24 , 8.20 am ) I was greeted by the lead article in the finance report. " Sydney Prices go through the roof " further commentary revolved around the current " affordability " of houses in Sydney , median ( ? average price , cant remember which ) had...