warnie when i see your posts i sometimes wonder if you really are in property, espically when i see you question if the gold coast is down or not. prices are off an easy 15% and in some more recent apartment buildings down 20%. soverign island had one of the most expensive homes repo'd and finally sold 2 million under val. 800k apartments in the avalon building are now going for 600k. q1 is another bust with a lot of people under water in some cases hundreds of thousands.
i followed closely a house that came on the market at 2.2 million and sat there, went to auction and passed in at 1.65, 2nd auction passed in 1.35, ended up selling for 1.5
the number of homes for sale is quite incredible with some streets having 5 or 6 for sale and sitting on the market for months. a boat ride around the canals and signs are up on what feels like every third house.
