I know of people who sold their PPOR's in Sydney in 1999 because...

I know of people who sold their PPOR's in Sydney in 1999 because "the Sydney market was going to tank after the Olympics."

Unfortunately for them, prices in Sydney went ballistic from 1999-2003.

These people bought back into the market in 2004...sad but true.

IMO property should be purchased with the intention of holding for a minimum of 30 years.

Ask yourself, has anyone who bought in 1983 lost money? Similarly, buy today and you will be sitting on good profits in 2043.