My investing philosophy is based around the capitals (and the opening post of that Newcastle thread with people flocking to opens etc is exactly where you wont find me). To me Sydney, and Melbourne look already cooked, Perth and Darwin still have the reversing lights on, love Hobart but is small and already had some decent gains, dont understand the Canberra market (politics). I have put my money into both Brisbane and Adelaide, settling in Brisvegas (Ferny Hills) this week and inner east Adelaide next week. Both were competitive enough with multiple beaten bids in both. Very happy with the services of @DaveM and @D.T. in Adelaide and @Andrew Allen in Bris. plenty of other great people on here but thats my experience. PS I am not pretending to be the next Nathan Birch this will bring my total to 4 shacks.