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That was the last peak of the market. There was HEAPS of CG up to then: my property in Willoughby doubled between 1999 and 2008. Prices were silly IMHO, well over $1M for anything, anywhere. That's the risk of buying at the top of the market. We may well be back at the previous top again now...

After about a year of little turn-over, there has been quite a lot of activity in Willoughby recently. For Sale signs have popped up everywhere, now all have SOLD on them.