house listings up 40 percent yoy, page-14

Warnie,

"More sellers = more renters = higher yield = happy investor"

I think this is a bit simplistic. I could just as easily say More sellers = more houses available to rent = lower yield = sad investor.

"If property prices are dropping, rents are going up, more properties for sale, higher interest rates, then wouldn't the next 6 months be the best time to buy?"

Only if you think that property prices will stop dropping. I think they have a long way to go before property yields look good. If you think the boom will be back in 6 months then sure, it is a great time to buy.

"The interest rate is the last thing I look at, you shouldnt buy or sell real estate based on the current interest rate."

That makes sense for someone who isn't living from week to week struggling to pay a mortgage. Unfortunately a lot of people are affected by that extra $10k per year interest payments. These people selling will cause prices to go down for everyone.