If a property has sold for 20-30% cheaper than it did, one-two years ago what reason would cause it to drop a further 20%+? The owner who brought it 30% cheaper getting in trouble financially and having to dump for a 30% loss as well? poor rental yields?
If anything, this thread highlights the fact that there is a disconnect between the average home in Australia and the property that we can all bid on or buy ourselves independently. It also shows that regardless of what the broader market is doing, there are properties available at massive discounts to the general market.
