I put up a post on my blog last night which highlights the risks that Melbourne is part way into a devastating crash which could see prices fall 30% from their peak 18 months ago:
Conditions are ripe with stock on market increasing again, sales volumes at decade long lows and a glut of newly constructed property about to hit the market...
Even after the largest price falls over the last 12 months and rents which have increased the most (according to Residex) Melbourne yields are still the lowest in Australia.
The price falls are currently accelerating to the downside, look out below!
