reiv auction results 12/2/11-66%-84 no result, page-8

You can listen to the tripe put forward by self interest groups like the REIV or you can take an indepentent view from respected financial planner David Koch in today's Herald Sun:

Housing Surplus..
Residential property is certainly a buyer's market and its getting worse. Property is all about demand and supply. While demand has been subdued, supply has skyrocketed.

Listings in January were up 40% compared with last year, due to excess stock being carried forward.

Properties for sale are just stockpiling. The longer a property sits on the market, the more likely a desperate seller is to cut the sale price, which sets a lower benchmark for new properties being listed.

Every capital city has had an increase in stock levels of more than 40% except Hobart(29%) and Sydney(19%).