Thanks for all your input girls. Lots on interesting points. Re 100% loans, Australia totally gives 100% loans and then offers credit cards with loads of credit. There are hundreds and thousands of Australians in debt up to their eye balls and my mind always boggles as to how they are managing to pay their bills and live the lifestyle that they are living. The answer is they are living off of credit which is growing and they are digging an even bigger hole. Then there's loads of other people who are only just scraping by and as the cost of living increases (which it is and will continue to do) wages just don't increase as much. Banks, laws and governments are not there to protect us and to make sure we all live within our means I can assure you of that. So yeah I believe that there will be loads of people who will need to sell their houses and they may not get what they paid for it, they will be lucky to even break even. The property market is declining and I can't imagine it will get back to where it was any time soon and people will start to feel the pinch. So that is why we would like to sell. We'll be happy to break even at this point and where the market is at here I'd say that we can manage that. Then we can rent and when prices fall even more and then start to rise we can buy again and hopefully get an even better place with a smaller home loan over all.