Exactly right. I think so too so all my past 12 IPs have been bought under $500k and I still follow that strategy.... (only my PPOR is expensive)1. The real estate market is changing driven by demographics. Traditionally high growth suburbs like Inner West will now have longer growth due to affordability. The growth will be in the cheaper suburbs under 500k
I do not know...so time will tell.2. I personally think we won't get the 10-12% growth over the next 10 years. I am working on growth of 5-7%.
Also depends wether 'yuan' will become exchangable and China's private investments reach Oz in greater scale... If history repeats itself we may be at a stage when Japan's investments were flowing (after 1987 then 1988 resulted in one of the biggest real estate booms), so maybe 2012 next year from China. Did you know a new China's big bank ICBC planning plans to roll out retail facilities in Oz in 2012 (they are bigger than all four banks put together!).