Ric,
I dunno about other areas but if you want to check out postcodes check this out:
http://www.commbank.com.au/propertyvalueguide/
Newmarket is 4051 and it's showing 16% growth for 3 months, 37% growth for 12 months.
Maybe prices will pull back but I would say that is a buy trigger rather than a slash-your-wrists trigger.
