Can anyone comment on the Sydney sales volume which is keeping the high median afloat? Is it on a downward trend? Are listings increasing? With NSW housing starts down 40% YOY cracks would begin to show?
Based on the table half way down in this article you can see that fewer houses are being sold in NSW, has the market run out of steam?
http://www.propertyobserver.com.au/residential/home-sales-volumes-at-lowest-levels-since-1996-rp-data-s-cameron-kusher/2012031153779
Just my thoughts... NSW might have alot going for it thats driving the high prices, keen to hear if there is!
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