traditionally the Jan-Mar period is slow, plus throw in 3 interest rate increases in 4 mths, so no surprise with a retrace of 8.4% overall.
However noticed in Sat's Hearld Sun, bayside areas such as Brighton East, Hampton, Sandringham, Port Melbourne, etc.... all had increases of an average of 15% - good areas like these will always perform well.
Another 3 months of sideway movement or possible slight retracement, will provide good buying opportunities, then the market will pick up again in Sept (Spring Season), reaching the top of the interest raising cycle.
So if you waiting for another 20% drop, you are dreaming and going to miss the boat.
