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sorry Beebop you are NOT logical at all. I have gone through your posts, sometimes you present some logical thought process, but then you stuff it all up by venting your frustions, such as: *property investors are evil, or words to that effect; *complain like mad that its not fair that rents...

but this can work in reverse as well. Disposable incomes have risen very well over the last 15 years, but could this go into reverse now? increased costs of electricity/gas/food prices. significant tax cuts for the middle class is no longer happening. carbon tax effect if the resource boom...

Yes but if there is little current demand, a price drop might not result in a sale unless the price drop is stupidly large. Its a bit like holding a position in a micro cap. If one has a position in a micro cap and decides to lighten ones holdings, if there is little current buying support...

I understand where you are going bayview. If the market lacks buyers, then there is little point dropping the price because price is not the issue. Current demand is, and if there is little demand then one just has to wait until demand resumes. I think your agent is doing the right thing by...

i think this is what Even was referring to when he said prices are set at the margin. All that is required at this stage is for some other property owner to panick and sell into a time of low demand and bingo, the market has 'dropped' for that area.

This is a good point has the disclosed how the incentives will work post July? BTW congratulations on offloading one of your properties. Holding assets is great, but one always needs to balance assets with liquidity in changing circumstances. The stress tendons must be significantly reduced now.