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Yeah, that has been our experience too. The beachside shacks we've been buying are $500K and under (clsoe to land value) while the $750K & $850K places are not moving unless the vendor gets desperate and drops a lot.

Sometimes we are ahead of the news too :) We write stuff here that the mainstream news picks up 2 weeks after the event :p

http://www.news.com.au/business/money/story/0,28323,25252270-5013951,00.html HUNDREDS of apartments in pricey east coast beachside developments have failed to sell, as nostalgic buyers seeking holiday homes instead look for fibro shacks for half the cost. In Queensland, just 199 new...