I think the answer to where the market is heading is somewhere in the middle. Having watched the SE QLD market closely over the last 2 years I think Forged has a point in saying that changing demographics and low supply has had a big affect on prices here. Lots of buyers from Syd and Mel buying much cheaper QLD properties where they can do a knock down rebuild and not have to take on much debt, if any at all. It's absolutely screwed over any local FHB though. I do wonder though, who is buying these places in Syd and Mel markets?
