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According to the news tonight prices in Brisbane have already fallen 5% and auction clearance rates were at 42% on the weekend. I had the impression that this would never happen in Brisbane. I'm not too surprised though. The house I wanted to buy on the weekend that I valued at $300K was...

you are completely right Acey. Even I'm going to an auction this weekend for a property that I believe could present a good buy, even in this market. However I don't expect to get it because I expect that the owners will have a far higher price tag on the property than I think bidders will pay...

see change wrote and for a steady decline of around 30-40% over a few years all you need is the frenzied panic buyers to become less enthusiastic than they have been, happy to wait for a vendor to come down to their price for a change and rent for 'free' in the meantime (ie paying only for...

Bill L: I think I DO get it. re your last post. I think you should take that to these other countries that have had 80% falls and tell them that these falls should actually never have happened because - "Property(shelter) is one of the basic necessities of human existence" or "its a limited...

thats the million dollar question - how flat or how negative? MY feeling is that when flat (or negative) capital growth becomes the expected, investors will stop buying. When I say investors I mean the herd majority. AS it is the herd that brought this market to where it is, it requires...