Oh evand you are by far one of the more deluded posters here..
In Evand's defence I would have to say that in my opinion he is one of the least deluded posters here, never feeling the need to continuously 'talk his own book'.
However, anyone in denial that there are serious problems afoot re property recently, be it in Sydney or elsewhere is seriously deluded.
Things appear to be getting worse, and although they are by no means terrible yet, we could be at the start of a nasty downturn, and the worst thing to do would be ignore it / deny it, in fact the more it is brought up, the more likely steps can be taken to deal with things.