Z never sell is fine as long as your gearing is less than 70%(for investment properties) in times like these.if it's above that you are putting youself at risk.i wouldn't want to be geared above 50% personally.
nobody said property isn't a great investment but there are cycles in everything and from past experience we are approaching a period when highly geared investors will go to the wall as they do in every cycle.the current mania may well go on for a while yet but that will just mean a worse shakeout later on.i doubt the reserve bank will let that happen though, as they have seen what happened in japan and don't want to go down that road.
i think the research you have done relates to property prices australia wide.if so,it is unlikey to tell the story of what happened to the hot spots in previous cycles.
