Values in Melbourne and Sydney are falling by up to 20 per cent in the time between purchasing off the plan and buyers receiving the keys.
Researchers are human based thus bias opinions can happen. According to my own eyes, this is just not happening in Sydney and Melbourne off-plan apartments... However "WBP Property Group" (i don't know them but they're property valuers) states
The above statement is a bit exaggerated don't you guys think? We all know the risk of buying off-plan is during bank valuation, the figure is "a bit" below the actual purchase price, HOWEVER, it is not happening in the current economy! So, how accurate are these guys?44% of apartment *purchases in the most populous cities are below the sale price at the time of completion
It's always the confusion between supply vs demand ...