Help
Quote
The market was already on the decline before flooding hit, which went against usual trends at the time, according to RP Data analyst Tim Lawless.
"Carrying on from that, Brisbane continued to have a very weak run over the past year up to October, the worst of any capital city,'' he said.
From their peak in 2010 property values in Brisbane are down 9.5 per cent.
Despite that tough start, Mr Lawless said there had been some positivity return to the market, like in July as buyers raced into the market to beat the removal of stamp duty concessions.
Mr Lawless said this showed how responsive buyers were to stimulus.
"We will probably see a fairly similar stimulus as interest rates decline,'' he said.
"Carrying on from that, Brisbane continued to have a very weak run over the past year up to October, the worst of any capital city,'' he said.
From their peak in 2010 property values in Brisbane are down 9.5 per cent.
Despite that tough start, Mr Lawless said there had been some positivity return to the market, like in July as buyers raced into the market to beat the removal of stamp duty concessions.
Mr Lawless said this showed how responsive buyers were to stimulus.
"We will probably see a fairly similar stimulus as interest rates decline,'' he said.
http://www.courierma...6-1226235142721
i notice Tim has left out the November drop which push the falls from peak to over the magical 10%
This post has been edited by zaph: 02 January 2012 - 09:12 PM
