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Pretty sure Alex meant herd :)

MTR knows the dates/years for sure but it was the 2008 GFC that caused the crash. In some markets 2007 was already in correction, the boom went up to around 2006. I know that my Westminster property was originally marketed at $540k (boom prices) and I bought it for $450k in 2007

Articles like that usually help the market with increasing consumer confidence - ie let's go get an IP as it's at its most affordable When confidence is high the market keeps climbing. When it's low and we see lots of articles about mass redundancies, company shutdowns, mortgage defaults then...