I found the below article interesting. One of this forum's participants, Louis Christopher, got a mention.
In summary - when prices rise, sellers become more demanding, leading to large price increases.
What is clear is that the market in general is headed for a rise. My bet for outperformance is on Melbourne - mainly because it has been a laggard for so long.
http://theage.domain.com.au/real-es...ng-away-from-a-hot-market-20130805-2r9ag.html
In summary - when prices rise, sellers become more demanding, leading to large price increases.
What is clear is that the market in general is headed for a rise. My bet for outperformance is on Melbourne - mainly because it has been a laggard for so long.
http://theage.domain.com.au/real-es...ng-away-from-a-hot-market-20130805-2r9ag.html