Interesting article in today's FR Investor section of the Herald. Latest Dec quarter house price index figures show that prices went up in every single capital Australian city, Sydney included. Albeit Sydney's rise was only 1%, but still possibly significant after the falls recorded from 2005 figures. Experts in property are still divided on whether or not this actually means we have reached the bottom of the cycle, or perhaps we're in for a stagnant period of growth instead. The most pessimistic view came from AMP Capital Investor's chief economist, Shane Oliver, who said "Australian housing remains 20 per cent or so overvalued, it is amongst the world's most expensive, housing affordability remains poor and (still) low rental yields will keep investors away for some time. Even if prices look like re-accelerating it will only invite another interest rate rise by the Reserve Bank" There is going to be a featured special in next week's AFR Investor which is being promoted as a round-up of the country's hotspots, the lowdown on the easiest ways to buy with other people, how to invest in the stock market and information on the newest home loans.