That guy lost me on the 80 year trend line.. I suppose thats why I dont employ him to mange my assets.
25-30% decrease, Australia wide I dont think so.
If you buy and sell in the same market it makes no real difference. In bad times bad properties dont sell and good property take longer . In the end its position position position.
Careful about checking domain, it derives its estimations from homeprice guide etc and theses databases often have incorret data added which pulls price up and down.
My suggestion is to always check the comparible sales data and make sure the house/villa. flat etc it is actaully comparible to your property. As one trader above said, then on the basis of the information set your price which is realistic. I showed a m8 the other day that was told his apartment was worth mid $400K based on surrounding sales. Problem was the ignored one in his building which went for 290K which had a view and was undoubtedly better. The sales used to compare and help him set the price were totally different.
If any trader in NSW(just a few) need a full RP data report on thier property let me know, it might help.
