We sold our PPOR, house in Sydney's East, last month for an amazing (crazy) price and are now considering whether to buy again or wait it out and see what happens. I believe we are near the peak of growth rates but that prices will continue to grow at a much slower rate. Mainly due to super low interest rates and continued demand. Any contrarian views? We sold for more than we will purchase, therefore taking advantage of the peak. Rent will cost us more than interest. Some opportunities already presenting themselves with auctions being cancelled and price guides dropping significantly. First hand experience - not media reports. On the flip side if we sit it out. What are we going to do with the war chest? Stock market is too scary for that much cash at the moment. Bank deposit less tax offers very little return. We could buy a stack of investment properties in other cities but at our current stage of life we will definitely want to own our home in the next few years. Does anyone think that Inner city Sydney prices will be less at any point in the next 5 years than they are now?