It might not be a 40% fall yet but I'm seeing PLENTY of evidence of price reductions, discounting and lengthening time for listings on the market. This at the overall level of looking at things. There will always be areas that go against the trend for various reasons. The clear trend though is against property now and it will be for a few more years yet. Interest rate rising cycle isn't over yet unless there is another worldwide meltdown, and if that happens then property, and shares, and most everything else will be crushed anyway. I wouldn't be overweight in property in Australia at the moment, nor would I be over extending in debt on anything be it property, shares or that new car you were thinking of buying.
