I am currently reading Tony Robbins' new book on mastering money and one of the key takeaways is that an individual investor shouldn't try to time the market because humans always have the tendency to buy in high markets and sell in low markets. I think it's very hard not to buy in a rising market (such as Sydney example) but may be buy only if you are prepared no matter what. Buying in low market is also very hard (examples are Adelaide, Perth) where we justify the decisions by discussing economic drivers and what not!! My favourite quote from the book: Investing in markets is like having sex. You have the most fun right before the fun ends.