Not seeing a 40% drop!, page-35

Cracker results last quarter in Melbourne metro - market was up 5.1%

No surprises at all - supply in premium / investor grade suburbs is just not there.

Stamp Duty and cost of change means folks are more likely to renovate than sell/buy.

A flood of professional Aussies coming home from OS is also placing pressure on demand in metro areas.

Expect another 10% growth this year in inner and middle ring suburbs.