Stensholt, John
May 2004
BRW;5/13/2004, Vol. 26 Issue 18, p28
Trade Publication
Reports on the drop in real property prices in Australia as of May 2004. Performance of auctions; Trend among buyers of filing lawsuits to get out of contracts; Confirmation from property developers that are expected to continue to drop and that investors are being scared away from the property market by a combination of falling prices; Caution observed by buyers when assessing properties at auctions. INSET: Property signals..


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