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I think we need to differentiate between where the properties are located, and where the buyers are. I'g wager that very very places in 2770 are being bought by locals.

Postcode 2770 has gone crazy, and "investors" are paying stupid money for houses that have gone up in value 50% in the last 3 years while rent return has softened and vacancy is increasing. They were great buying in 2011 for the yield and CG potential back then (which eventuates sooner than even...