[QUOTE="jl"] Well that state is empirically not true in NSW. The housing market across the board has tanked although the change has varied according to location and house value. The peak of the market overall was about 18months ago, the first home buyers market in Sydney BOTTOMED about 12 months ago and is counter cyclical to much of what is going on, so historically the increase in low end house prices in Sydney while swinging upwards is still a LONG way short of peak. In other states the above is also broadly true although there is some differences (Perth for example is coming off the peak across the board and the first home buyers has had much less impact apparently) JL This is not financial advice, see your planner,historic performance may not indicate future performance, everything I say is a lie, yada yada,[/QUOTE] Not sure about the Housing Market in NSW but in South East Queensland it certainly has not "tanked" [URL]http://www.rpdata.net.au/news/rp/RP_Data_Rismark_Hedonic_Property_Value_Indices_release_Mar_09_FINAL.pdf[/URL] Falls in housing values are somewhat modest in my view, and at least in Brisbane are mostly in housing stock above 0,000. I would certainly prefer to have my money in the property market than in the share market. Boxer