boom times behind us for time being, page-3

agaim a bit of info re my area of interest which is Central Wagga; there are 6 houses for sale on a semi busy road and the distance between the 6 is 400 metres. One of the houses which several agents reckoned would get $300k at auction and another 3 agents reckoned would sell to nearly $300k sold last week for $205k. The owner told me there was excess stockon the market and the prices were too high so he took the $205k offer and was glad to get it. The other 5 still sit there with for sale signs on and some of them have been there for 8 months.