You'd have to say there's probably still scope for some further declines in the very near future.
If people were aggressively concerned about falling house prices, rising interest rates, you would not expect to see a leap in consents being issued for houses.
The time for the quick buy and flick has disappeared.
Since I have been here, I've had eight or nine friends call and say they've seen friends of ours dead and floating in the water. That is the news I have been getting while my mind is on my daughter.
When times get tough, we leave (for Australia). Migration will get worse in the next 18 months, undermining the housing market.
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