I would say there is more growth to come, especially in the inner suburbs.
There is still much pressure on prices and the demand seems to be strong. That's not based on any hard statistical data, but from the feeling I'm getting on the ground as I do the rounds of open inspections etc.
There is also very strong rental demand, provided the asking rent is in alignment with the market rate.
I'm expecting big things here in 2010. The net value of my portfolio is up 37% over the past 12 months. I don't expect the same level of growth in 2010, but I'd be happy to see half that (or a bit less).
But don't tell everyone, or they'll all want a slice of the action.
Sshhhh. Secret Squirrel