I agree with your comments re property. A lot of property owners...

I agree with your comments re property. A lot of property owners think that because property may have risen 3-5% per year
for the last few years that they are bound to make a profit if they sell the house they bought a few years ago. It is only when they
try to sell that they may get a shock. Because the "average increase" includes houses that have been demolished and replaced
with a McMansion and houses that have had $100K or more spent on them as renovation are included in the suburbs average house
'value'.

In my suburb some houses have been on the market for quite a few months and have had their asking price drop by considerable
amounts as they 'mark to market'.