well 20% off a 500,000 is 400,000
if you look at the price gains posted around the various states I think i can recall at least one year in all of them where the price rose that much in just one year
so 20% down from the various peaks wouldnt be an unrealistic starting point
of course a 20% rise doesnt equal a 20% fall, but its close enough
when will property in syd / melb be a "bargain, page-6
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