rba warns fhb's this is not time to buy, page-81

"""Yet you were going to pay 10% more for the same block."""

And I still would for its future land value, every month the buy of the century comes along, and the buyer cleaned up big time on that deal and good luck to them for pulling it off.

If you pay over 2007 prices anywhere on the Gold Coast right now, you can kiss that money goodbye ... even the RBA have come out in absolute clarity to say don't rely on capital gains to fix your mistakes. The locals aren't buying, and the agents are tripping over themselves to find the interstate investors to fleece them once again.

Sure as night follows day, anyone not from the GC buying property is getting screwed, history just repeating itself.