melbourne's property prices highest ever

http://theage.domain.com.au/real-estate-news/melbournes-property-prices-highest-ever-20140130-31nsg.html

Interesting heading...until you read the detail that Melbourne property prices have only risen 1.5% since 2010!!!

So the real questions beckons-how many property 'investors' are sitting on mounting losses since 2010 with little to no chance of increasing prices in the foreseable future.If anything they are likely to drop.

How much patience do they have, how much more money are they prepared to loose before they blink and decide to cut their losses and run.

How many others wil also jump and what effect will this have on the over all market? Hmmmm timber?

Personally I know if I had been sitting on a 'investment' that had been costing me $10-20k a year for the last 3 years with no real upside Id be seriously thinking about jumping...$60k is a lot to loose....and here I was thinking property was a sure thing??