I fail to understand why this is bad news i.e.
By the time the market bottoms at the end of next year, Residex expects the city's median house price to have shed 15 per cent. Families living in a $500,000 home can expect to see $75,000 wiped from its value.
My kids and I am sure thousands of other kids wanting to buy, are ecstatic with this kind of news.
