Interesting article in the Sydney Morning Herald today describing how the property downturn has caused grief to those who have had to sell at a loss. "A THREE-BEDROOM brick-veneer house in St Clair sold for just $260,000 at the weekend - down about 42 per cent from its last sale at $450,000 in 2003 in a further sign of the depressed state of the Sydney property market. Only one person bid on the house in the city's west. The mortgagee sale was forced after the owners could not meet the interest payments on the $405,000 they borrowed to buy the house at the peak of the market." Read the entire article http://www.smh.com.au/articles/2006/08/20/1156012414995.html?from=top5 Doom and gloom in the media regarding property...Yep, it's definitely time to start looking at property again, although I don't think there is any hurry.