Sydney property owners lost average $54,000

The national property valuation industry has been called into question this week with an estimate that a quarter of Sydney property owners who bought and sold between 2005 and 2010 have lost on average $54,000 in their transactions. The article from news.com.au sources Residex as the origin of these predictions. Have a look but take it with a pinch of salt as it is a property information vendor that sells reports for $250+ online.