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medians around the country are a load of rubbish, distorted by FHOG. when the GFC was in full swing everyone was d&g as the median was falling (obviously due to FHOG) - now it is rising and it is taken as a sign of real growth. IMO the real estate market is still patchy at best, stuck in the mud...

forget growth, we are in preservation of capital mode now

yeh I hope he can work thru it... I have put him into a little resy devy and if the valuers are harsh on the end values of that - like I suspect they may be - then there will be problems! it's the old problem of competing against guys that have developed their land that they have owned...

a mate just bought a couple of places in brisbane somewhere thru IC, apparantly the valuers are being harsh and marking it down by up to 15% on purchase price. Dont know the area, somehwere between Bris and the GC. its making purchasing difficult as his equity has disappeared. Any thoughts? I...