hows this for a price drop?? downnnnnnn

some massive discounting there!!

http://www.rayrealestate.com.au/process/real-estate/item-view.html?itemId=8805


Take this property, in Kingscliff, 40 kilometres south of the Gold Coast. It's now on the market for $319,000 - a whopping $250,000 below its original purchase price. And there’s plenty of other price drops of $200,000 or more.
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Time on market in Byron Bay has blown out to a lengthy 234 days and the term “drastically reduced” remains common.

Mortgagee-in-possession sales continue to be seen, too.

http://smh.domain.com.au/blogs/talking-property/coast-still-has-the-blues-20120410-1wluq.html#comments