Warnie - Glenelg lovely spot. Stayed at the Stamford when the volleyball champs were on, not as a participant though, just co-incidental, walked along the side roads, the beach and all the new developments etc -terrific spot.
Went, much to my bad judgement, to my first and last property investing seminar with a Melbourne centric property pro, discussed every state and he laughed Adelaide off much to my disbelief, quite dismissive, has egg on his face now. He was dismissive of Perth as well-egg on his face then. After that you could not keep him away from WA - milked it for what its worth.
Why do I mention this? All the figures in the world, discussions etc can just not beat understanding historical data and the lag effect. If a suburb is out of whack with a neighbouring one by a large amount it will adjust - this same principle is at play on the national scene.
