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No, i dont rely on a RE's hot tip. I put it with all other information gained. If a RE agent admits the market is 'slow' you know its bad. LOL And that what i mean by anecdotal. Talk to people, look at listings online and offline, gather info in the area you are looking. Statistics and graphs...

I find anecdotal evidence (from sellers, buyers, RE agents, and sites like domain .com.au) much more reliable than graphs, charts, statistics etc. Which can be arrived at with many dodgy methods. Not the least, dodgy data that is usually not up to date as sales figures only become available 3...

I have seen Inner West Sydney properties of late on Domain coming back with lower listed prices. On the listing they label it as 'updated' LOL As well as many more listings etc....the things you point out. When inner west Sydney gets like that you know the overall market is lacking demand...