melbourne house price fall largest since gfc, page-14

"Real Estate Institute of Victoria spokesman Robert Larocca said Melbourne house prices were likely to remain broadly level for the rest of the year"

- An interesting tid bit about Mr Larocaa:

From:http://www.housingaffordability.blogspot.com/

In considering the lack of action by the Victorian Labor government on real estate-related matters (except for allowing developers to now rip 20% off mug buyers), you need to look no further than the rice-paper thin closeness of the REIV and the ALP -- represented by no less than Robert LaRocca, an ALP apparatchik, and present chief lobbyist for the REIV. As well being a former Labor mayor, LaRocca was an adviser to a consumer affairs minister (Marsha Thomson) -- and had direct influence over that agency. The very agency responsible for overseeing the real estate industry -- Consumer Affairs Victoria.

An agency deeply compromised by its close relationship with the ALP, its director proudly spruiking her close relationship with various ALP MPs and a couple of ex-ministerial staffers now working within the agency. It's more a branch of King Street than Treasury Place.