Sydney Real Estate... is this what's to come?
Taking a look at the current state of the residential market in Sydney, "The Sydney Morning Herald" evaluates its current state and the reasons for why it came about. Looks like those that bought at the peak (end of 2003) got hit the worst.
Here's an excerpt:
"The Reserve Bank published figures yesterday showing Sydney house prices fell 1.1 per cent on average in the March quarter. Prices have now fallen 9.6 per cent on average since property prices turned, slashing the city's median home value from $570,000 to $516,000."
