watch the property market this weekend, page-54

The real estate bust has started.


These guys are clueless....

Interest rises kick the stuffing out of auction clearance rates.

"In March, based on the figures, I predicted this was going to be a very strong year for real estate; now I have to review my thinking," Mr Airey said.

"The simple fact is that the handbrake has been pulled up very suddenly.

"I would not call it a crisis of confidence, but the speculative end of the market has completely ceased and the enthusiasm has been dampened."

http://www.couriermail.com.au/property/interest-rises-kick-the-stuffing-out-of-auction-clearance-rates/story-e6frequ6-1225870347816