Thanks Olly and Jvisman,

What I've done over the past 9 months is to get rid of as much debt as is sensible in the Australian property market. I've just kept the ones I want to keep long term. Rates have been going up there for years and anyone with a loan is mortgage stretched.

The worm is going to turn.

Personally, I like Phuket because of its location, beaches, climate, cost of living, pricing and relative security by asian standards.

However I'm not buying now. The bottom end of the market still has some good deals going, however these are becoming fewer and fewer as people try to make a quick buck and inflate the selling price. The mid market is as flat as a tack, however the upper end is business as usual.

I'm watching the market like a hawk. The banks are giving good rates on cash at the moment in Australia, so I'm happy to wait. I'm going to use it when the perverbial really hits the fan in Thailand, which will be before Australia, at which point I may turn my attention there again.

Happy investing everyone.

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