Hi Keffola
May I ask the provenance of your charts? I owned estate agencies in several States, including Melbourne, during the 91 recession we had to have, and recall many properties that were sold for 30% less than their purchase price, so have to question the accuracy of those charts. Much the same as the late 70s crash (not charted) where 40% was not uncommon. That said, I'm not seeing any signs to that extent at present, given robust employment and low interest rates - notwithstanding the unforeseen. Still, I'm not a buyer in this current environment.
