This is important, as vendors will start to accept lower prices, as the general consensus starts to be, the market is falling. Fear becomes a factor. Articles about 10% vacancy in northern Adelaide are published.
Probably based on one tiny area but they tar the whole of north adelaide with this, because it grabs the reader's attention.
It doesn't matter about the truth, it's what sells a story. If that what sells a story, there will be more of it. If there is more of it, the negative sentiment gains momentum and it starts to become a self fulfilling prophecy, just like the years of bullish articles (some with questionable claims as well) assisted 20%/year gains, the bearish articles will grease the downwards spiral into 'negative growth'.
