irrational exuberance in the property market, page-11

You can argue that any market is booming at any time depending on where you are. Personally, I've been in the SE-QLD property market for 5 years now, and it is starting to show signs of overloading to me. My first property yeilded 60%, it peaked last year at 100% in 12 months for next to no work, but my last buy(1 month ago) looks like yeilding 25% in 3 months after much labour by myself. Many houses are starting to stay on the market for more than 2 months which to me(along with other things) is an indication that property demands are slowing in this area.