Our local rag has a headline today: Drop in unit prices attractive to buyers.
It goes on to say, In the past 12 months Garbutt coped the biggest median unit decrease of 33,5% according to RP Data. South Townsville 28.3% , Rosslea 23.5%,and Townsville city 23%.
The other big news is that their insurance has skyrocketed by a factor of 10. This is my stamping ground and I'm glad I'm no longer involved in it.
Bulls can dismiss each of these examples as being atypical as they arise, but eventually the facts will become irrefutable.
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- blue chip suburbs have crashed by almost 40%
blue chip suburbs have crashed by almost 40%, page-5
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