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Have to disagree there Fudge. I reckon most FHBs who bought in 08 & 09 have already seen 20-30% capital growth, depending on suburb, house/unit etc. So naturally the market would have to fall back by that amount before they were even at risk of -'ve equity. Thanks for the great posts here...

The implication being that now is the last chance to buy a property before they become priced out of our reach forever? I believe such sentiment was common during the bubble of 2006/2007? It appears I am one of the few people here who are not completely bullish about the future of Australian...

Thanks for the detailed response, Jonril. I agree with a lot of your sentiment but I do think there are some fairly large "visible hands" that are interfering with the property market right now, I'd even go as far to say larger than any Australian first home buying generation has seen before us...

Hi all, It seems most people I speak with in regards to the current boom in residential prices agree that this level of capital growth is unsustainable in the long term. (If you dont agree there is a boom, example #1 Box Hill South is now a million dollar suburb...