Values declining across Australia.

Perth vacancies over 6%; Brisbane over 5%, all others above normal.vacancy levels.

Deals being done to lease apartments (rent free periods up to 6 months; I-phones; tablets etc.

Even the lazy ABC reporters have come to the realisation that real estate agents, renowned for painting an ever optimistic picture, are deluding buyers by misrepresentation of the facts.

As I said before, don't buy for investment now, because in 12 to 24 months time you will be buying at lower prices everywhere.

A massive current and pending oversupply of housing, particularly apartments.