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You cant recover less of their earlier decline if prices continue to fall. :confused: Personally, on the ground the peak was definitely at the end of the autumn selling season in 2010. We are almost at 3 years imo.

I still think prices and results are very patchy. Went to a couple of auctions on the weekend in Moonee Ponds for nicely renovated period homes. No non-vendor bids at either auctions. This one, was quoted between $960k to $1.05m, now quoting $1.02m This one, sold for $767,500 after the...

And now Vic's unemployment rate is now back at 5.5%

And it seems to have claimed Ted Baillieu as Premier, who is now apparently resigning. Budgetary wise, they have done a pretty good job despite the Vic economy. Sure there will be those who dispute the cuts and hardline approach to teachers and nurses, but that seems to be the price for a...