Residential property values are falling right across the country and those falls will pick up as the year goes on.
It is frustrating to see all the "For Sale" signs, hear anecdotes of friends and relatives having to slash prices to get a buyer but then read real estate agent or media reports cherry-picking the increasingly rare "good news" sales. It gives a very false perspective of reality.
Louis Christopher's independent property analysis group SQM Research has data on how much residential property values have fallen from their peaks across all capital cities so far this year and how much further those declines are set to go for the rest of this year.
Thursday, June 2, 2011
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