I think both bulls and bears on this forum need to understand that you cant compare a house in Adelaide to a house in Sydney and so forth.
Property will rise in some areas and fall in others and demand will always be the reason, exactly like shares. There are some areas around Australia that still offer great buys and potential and some that I wouldn't touch if they were half the current asking price.
Also just because one suburb might be ruuning hot at property at the moment doesnt make all house and units in that areas a good buy.
