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I was going to say the same thing, but I saw a 2bdr unit sell for $506k and $390k.... so lucky I didn't make any dumb bets:D

are you saying that you reckon it will drop another 30-50% off on top of this 20% so say its worth 1 mill, Minus 20%=800k, 30-50%off 800k = $560k-$400k!! so we could buy a 1 mill property for $400k! if so, Im buying!

Just curious, Ive read this article a few times http://www.domain.com.au/Public/Article.aspx?id=1226318725038&index=NationalIndex&headline=Premium%20suburbs%20bear%20brunt%20as%20real%20estate%20market%20reels Premium suburbs bear brunt as real estate market reels Author: Eli Greenblat...