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re Went to a few auction as well on the weekend. And same stories as you guys, alot of desperate buyers (usually 3 to 4 at the start, and always a man/woman in dark sunnies ninja the property out of no where at the end) with deep pockets. Lucky they did not exist when I bought my last one...

re I agree with the posters here that the house price is becoming more and more out of reach. I mean, when I was looking for my previous IP back in 2008, a 2 bedder unit in affluent Eastern Suburbs would be around mid 400s - finaly sale price as a ball park figure. Now, over the last 2...