Sydney homeowners rush to sell, page-22

Investing in regional cities/towns may be viewed as more of a speculative play than investing in capital cities. But that in no way negates my two key points:

1. There are numerous regional cities and towns in which properties are currently selling for more than one million.
2. Some people can't seem to understand the reasons why properties are selling for more than one million in numerous regional cities/towns.

And for those calling the top of the cycle: I touched base yesterday with a valuer whom I know very well. He mentioned that the NSW Central Coast is extremely hectic; a flood of offshore buyers are snapping up properties sight unseen, ect. I asked him for how long this phenomenon has been occurring and he said only about three months. So perhaps the MSM will be running front page stories on the above in the near future.

NB: I don't own any properties on the NSW Central Coast.

Still, the Chinese stock market is capitulating and our dollar is falling and Sydney prices are becoming quite exuberant so no one should be surprised.