the property crash is here in melbourne

Auctions getting passed in but the reiv fudging the figures by ignoring some passed in auction results.

Houses and units with To Let and for sale signs plastered all over them.

This is a classic I saw in Sth Frankston, a big sticker with the words "Bargain, price reduced" does this tell us something?

Soft landing??? Pigs Arse.....just wait another 3 months for the pain to bite in.

I have seen rentals on the markets for over 3 months with no takers , only one house in 10 is being sold in my area..

Went to Mt Eliza the other day , one in five houses had for sale signs on them....

Anybody buying Melbourne property at the moment is a total Wood Duck...