tell tale signs of the cracks

Well, as I said, agents care about 1 thing --> Transactions.

But why would they be so concerned if investors are going to more than take up the slack as Adam Carr would have you believe in what he coins a "red hot 2010 in property" ??

http://www.heraldsun.com.au/money/money-matters/calls-to-double-first-home-buyers-grant/story-fn312ws8-1225819292248

Calls to double first home buyers' grant

VICTORIA'S real estate industry has called on the State Government to double its first home buyers' grant, as new figures showed a record number of Victorians took advantage of the handouts in 2009.
Premier John Brumby said a record 53,730 Victorians used government grants to help buy their first home last year, breaking the previous record of 43,688 in 2001 and 41,615 in 2007.

But the Real Estate Institute of Victoria said the number of first home buyers dropped after the Federal Government decreased its boost in September.

"The latest ABS housing finance figures show a direct link between the assistance and the number of first-home buyers,'' REIV chief executive Enzo Raimondo said in a statement.

"There was an 18.6 per cent drop in the number of loans to first-home buyers in November.

"The number of first-home buyers will continue to drop as the assistance continues to be reduced,'' he said.

The federal boost has now ended, leaving first home owners with a $7000 state grant.

"In light of the positive impact on the property market and the wider economy it is time that the state considered the future shape of the assistance,'' Mr Raimondo said.

In its pre-budget submission to the State Government, the REIV calls for the current grant to be doubled from $7000 to $14,000, or replace it with an exemption from stamp duty.

Treasurer John Lenders said there was "little sign of Victoria's first home buyers slowing down their enthusiasm'', with 24 per cent more purchases in December last year than December 2008.