My Real Estate Valuer who USE TO work for Maquarie Bank back in...

My Real Estate Valuer who USE TO work for Maquarie Bank back in the days when they would give out loans to people who wanted to borrow against the value of their homes for anything, especially in the well to do eastern and north shore suburbs, told me that these same people are selling their 1 million dollar plus homes as they have to down grade to areas where houses are between 800k to 600k. So it's the top bracket who are also losing the most now, not just the ones living in the western suburbs.