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Well, its not a suburb that is dropping, its canberra as a whole. too early for a trend perhaps but not something to be ignored, at least I don't think so.

I just moved to Aus a year ago, so I am looking for a 1st home. Have lived in Japan and all over the place in the states and there is no other word for property prices here beside "insane" :-)

Thanks for your response, HiEquity. I would have to disagree with the above. Incomes are going up, but how much are they increasing vis-a-vis inflation? I know mine is falling well behind (especially as I do not own a home outright, unlike many of my colleagues for whom housing inflation...

It seems that part of the disagreement arises out of simple terminology. How do we define a housing downturn. In your post you say: And then in the next paragraph you say: I think this seeming contradiction can be best resolved by focusing specific housing markets rather than talking...