Monday, April 14, 2008

WA leading in pull out of real estate

Good news for fellow homebuyers. The Perth market dropped 11.6% in Feb 2008 with South Australia dropping by 7.4, Queensland 4.2, NSW 3.9, the ACT 3.1 and Victoria 2.1 per cent.

According to the Master Builders Association, the drop in home lending in February is the beginning of further falls to come. Hopefully house prices will fall accordingly too.. sorry guys with houses, Generation Y desperation means your loss is our gain.

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