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And in relation as to which area is good to buy in, I would be looking a little north of brissy from Chermside up to Caboolture, and in melbourne a townhouse in footscray / west footscray, yarraville, setton etc.

I can see it taking part in the driving of prices, but i disagree that it is the MAJOR reason. There are many more influences such as interstate investors, migration of general demographic from interstate (such as Sydney), and continuation of standard property inflation we have seen the last 40...