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Really? I read somewhere it's down 7%, which I did find strange. Maybe that's in real terms.

I think that sounds reasonable in a bubble burst. If you look at Brissy, it's down around 7% from 5 years ago.

2019 is 4 years later. Assuming there's a correction in say 2016/17, it may fall by 10-15% on average. It'll probably recover 5-10% in 2018/2019. So down 5%.