Helium2
Surely by 56% overvalued it means that a property selling for $156,000 should really be selling for $100,000?
$100,000 + another 56%
Your average price of $485,000 should then be $311,000
Just divide by 1.56
You say you recently bought a property at a discount of 40% to the market peak. That's a bigger fall than the figures above which is a 36% fall!
I would be interested to know which suburb in Australia has fallen that far already?
