Are you enjoying this ride in Sydney property and thinking it can go on forever with the RBA snookered by a high dollar?
Then a word of warning. The RBA is alarmed and telling you to cool it and it has now endorsed macroprudential tools to slow you down without raising interest rates. Similar tools have already sent house prices into reverse in New Zealand.
These things move with the pace a glacier but they do move. Could it go higher? Yep. But if you think you can ride this moon rocket right to the top and get out in time you may find the exit is jammed with like-minded folk.