That may be so , however still a small segment of the market and as with the GFC , esp as a result of margin calls etc many had to sell and invariably these properties are well placed and are soaked up by other aspirants like yourself and price recovery is a given.
This market certainly is not representative of the broader market as the fluctuations are greater here and quoting stats from this sector is misleading.
Widely held that the momentum is with the 300 -600k , depending on the city and in this range things are not nearly that volatile.
As for investing to buy safer option is cheaper if it ends up being a rental as indicated earlier however if you do well out of the top end good luck to you and as a quasi bull keep making money from real estate.
