Coming back from the home expo in Sydney, property cycle has been a popular point to start a pitch. Every time it's being mentioned,and it's followed by statements like "Sydney at the top of the cycle" and "Brisbane at the bottom", I see people nod their head as if it's given. If it's then being "reasoned" for affordability, population growth, overseas money and a range of economic data all come to the scene. All these points can't be proven or disproven. To me, it appeals to instinct more than rationality. The regional economies in Australia are indeed diversified, but to imply markets operate complete out of synchronization, they have to be rather isolated of each other, don't they? From many invested in Brisbane because of the "property cycle" talk, people support it argue affordability is good, people against it say the mining weakness is still there. I personally don't invest based on cycles, and I think a lot of cycle talk actually means timing. What do you think about property cycle narrative and its merits?