Ausprop,
Isn't it funny that Perth people reckon Perth will be it....Sydney people reckon Sydney will be it and Newcastle people reckon Newcastle will be it.
I'd be very surprised if rents are going up stronger than what WA is experiencing at present. This uplift in yield will give confidence to investors to re-enter the market and push prices further still.
I remember going to a Michael Yardney seminar 3 years back where he said there will be only one more big CG push forward in the coming 5 or 6 yr cycle.....thereafter it'll all go to custard, with no further prospect of CG.
I found that prediction very strange indeed at the time, but if all my stuff surges again to new heights, it will be sorely tempting to jump ship and offload the lot and let some other poor sod carry the risk can for a while. If it gets to that, I'll be hard pressed to see it going up wave after wave, especially with the Banks changed policy of late.