404... I dont know much about the syd market but I can tell you that melb market is still increasing at a reasonable rate around 10-15% and in 2007 it went up 25%.... so clean you're s..t up... . Have you been to Perth Lately?? Australian property all over is going up.... except where you bought.
Melbourne house prices may rival Sydney after 25% rise | Herald Sun
I'd still take 2.5% interest in Honkers.... especially when Cathay or Dragon pays the Mortgage..
Maybe you didn't do your research and pay too much.