Ben Hyde's article adelaide advertiser RE liftout -10-12-2011 -page 4...BEST TIME TO BUY LOOMS..... "property price to remain flat, or even fall modestly next year" "adelaide median price fell 5.5% to 387$k -12mnths to Oct11 " quoting RP data's Kusher that these stats could continue- but unlikely to be the same magnitude "
and the RE Inst's comment is that itll all be onky dory, if we get a 25bp drop next year in feb's, interest rates, & that RE prices will go up!"
Well, sounds like Hyde this week, but Jeckyl , (or the devil) is in the detail doesnt it... and they simply dont know...but why dont they say so--- oh no not on your nellie...messrs..Toop,Booth,Brock Harcourt & Co's combined advertising dollars of over 250$K p week wouldnt have anything to do with it, ! would it ???
well, just for the record -stats that I have compiled at my office are now spanning 12 months....However, they deal only with stressed sale situations... repeat forced sales,often with foreclosure threats, & across 11 suburbs, the falls from last price paid within 5 years distant range from falls of 8-9% through to up to 22%... no increases at all on these particular properties...
You see ..the Bears have been hard at work in their little holiday time havnt they.....
