Well if you look closely sector,
I mean real closely, you will see what I have been trying to tell you for years - that it doesn’t take much in terms of arrears to cause a market to fall 20-30%. At under 2%, both WA and NT have fallen significantly.
And you want to talk about NSW, well that market in Syd with, I’m guessing, less than 1.5% arrears has fallen around 15%.
