well...what a surprise..buyers disappearing !

  1. 607 Posts.
    i cant say that i'm surprised but i'm sure there will be some that are !!!

    .....BUYERS are deserting the Sydney property market at the rate of 1000 a month, causing real estate professionals to predict an ''exhausted market'' with prices plateauing for the rest of the year.

    High auction clearance rates and record prices notwithstanding, official figures show the number of loans to buy houses in NSW slipped from 19,600 in September to just 14,300 in February after sliding in each of the past five months....

    The NSW slide of 27 per cent is worse than in all states but South Australia.

    http://www.theage.com.au/business/house-prices-to-plateau-as-buyers-flee-in-droves-20100412-s46b.html

 
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