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@princeperch
I'm cashing out of london now because I think the bubble will burst. might not be anytime soon or even in the next year or so but burst I reckon it will do.
i'm in victoria park and mines going on the market shortly. the agent advises to put it on for mid 400s which is what we will do.
if he is right we should walk away with 280k in equity to put into the next place (out in the sticks but still in commuter-ville).
thats pretty mental when you think about it after only living there for 3 years. its sort of like winning the lottery. but instead of feeling elated I feel pretty depressed about the situation, which is weird.