Now I don't want to sound like I'm spreading doom and gloom but here's an eg of how the recent boom has affected sales prices today. A property recently for sale in the Hills was actually bought late 03 (height of the Sydney boom) for $1.535m. It's now been for sale for a few mths and started off in the $1.9's until the owners realised it wasn't getting any attention so has been subsequently lowered to interest from $1.5m. At it's auction last week (which I've mentioned in the Auctions thread) the only genuine bid was $1.35m. So, even if the buyers decided to meet the VB of $1.4m the original owners have then made a loss of $135k, not to mention the stamp duties and agents fees. Phew!