reiv quietly reports 6%qoq crash before wkend, page-10

Well, there is nothing "quietly" about it.

The REIV has gone public, it's on ninemsn as well.

As you would expect the leftist leaning property tabloid called The Age (aka APM) just can't stop the desperate spruike in light of Armageddon.

http://www.theage.com.au/victoria/brighton-units-burst-1m-20110415-1dhx3.html

PATHETIC !

...."Blue-ribbon Brighton has recorded the first million-dollar median price for units and apartments despite Melbourne's house prices falling 6 per cent overall in the March quarter"....

NOT SURPRISING ??

..."Not surprisingly, compared with the red-hot real estate market a year ago when prices really took off, the number of dwelling transactions has dropped by 18 per cent"....


CAN'T STOP MY STITCHES FROM LAUGHTER !

..."These results show that prices in most suburbs in Melbourne have plateaued and this will be welcome news for buyers,'' REIV chief executive Enzo Raimondo said"...


THE FUNNIEST OF ALL. Most Economist ?? from APM, RP Data, BIS Shrapnel, James & Rory, HIA, REI. Yee Hah !

..."Most economists are predicting little or no growth overall in real estate values this year".....