go to the www.commbank.com.au/propertyvalueguide/put in the area...

go to the www.commbank.com.au/propertyvalueguide/
put in the area or postcode......see the facts for yourself...........
now I only checked areas I am interested in.......inner melb city and the country albury props....all up..
then I checked some outer melb se and west suburbs..........all have risen in past 3 months and 12 months periods..........except for one....which lost 2% in 3 months but was up 12% for the year............ so far not found 30% drops anywhere...went looking in the dreaded sydney areas........nope still no massive drops..
sydney inner east lost 5% last 3 months but up 2% for the year, inner west is up 3%, and 6% pa, outer west has lost 1% both periods.........

do I live on another planet ???
cheers