At these dizzy levels where the real estate prices have reached one needs to be careful with what you buy.

Being a real estate guy myself, i keep a tab on everything that is happening in this sector and keeping my open at all times. Valuations for land need to be studied at all times.

One of my friends from Collins College - http://education.yahoo.net/degrees/tm.jsp?tm=collins-college has studied this subject with major time dedicated to it and is an exert in this.

If any of you have a query on such matters, you can send me a mail and i will definitely forward it to get you the best approximation of the same.