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If she does his DD based on the peak prices, I think she will be in for a rude shock. But depending on how long it takes to do, she might be fine come the middle of next year. Weather is better and people tend to move to the NW that time of the year. IO might have stabilised and RIO might...

Not knowing the area intimately (but I do invest in the NW) I think it's a combination of: Rio delaying projects; The government releasing land; developers building accommodation; and, Coming up to Christmas with people leaving town. I suspected a 20% price reduction off the peak to be...