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    House prices in freefall

    LB there will always be properties that previously sold for record high prices and in the current climate they will only sell for what they are actually worth. That doesn't mean that prices are falling everywhere. It simply means that vendors should expect their properties to sell for...
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    House prices in freefall

    speaking of interest rates and RBA interventions, I went to the RBA website and checked out the people who are on the RBA board. http://www.rba.gov.au/AboutTheRBA/rba_board.html Considering the important role the RBA plays in our economy, I was surpised to see that most of the people...
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    House prices in freefall

    The homepriceguide website works today. I checked 8 postcodes in sydney and the price of 7 is where it was early December, the 8th postcode was 5K lower. I am suspecting that areas where all their properties were selling at auction till now will see some correction as greedey vendors and...
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    House prices in freefall

    LB do you live in Brisbane or on another planet? I have yet to see the freefall in prices. btw, do you know how a median price is derived? Before xmas in a suburb I was looking the median from home price guide was 620K but on the market I could not find a property for less that 665K in...
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