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Yes, as the saying goes - even a broken watch tells the time correctly twice a day :) edit: But in fairness to John, I do agree that a turnaround in RE's fortunes generally begin in Sydney. Also it is, as he says in the newsletter, least affected by the resources thing and has more unmet demand.

Residex on immigration cut (sorry I could not get the graphs in):eek: http://www.residex.com.au/newsletter/source2009_03aMC.html?content=MC&from=news0309a Another month passes and things don't get worse, they simply present as more of the same but slightly better. Consumer confidence can...