You're welcome. I've got friends looking to buy in Melbourne right now... In Australia, houses are usually sold at Auction... and if a place was listed as being in the range of $500k-$600k it would often be sold for $800k... now my friends are saying that places are going at the top of the provided range... so $600k. Most younger people can't afford to buy in Melbourne or Sydney, so a correction in house prices is actually desperately needed, even though lots of people will lost money.