I respect Kris's opinion, but I guess he lives in Melbourne and bases his analysis on Melbourne and surrounding areas…maybe…
I closely watch the housing prices of Eastern and North shore suburbs in Sydney and will tell you guys that properties under 1-1.5 mln are going steadily up in this “economic downturn". I was(am) going to purchase a property in a couple years but I feel that I am missing the train. So, I guess it depends on location in conjunction with price range=demand!
