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I did not say that people would would not lower prices. I am simply stating that once they figure the market out there won't be as many properties for sale, hence creating more demand. The current selling spree has been created by a combination of recent property price increases and now fear...

I am frustrated by the ongoing media coverage surrounding decreasing clearance rates for residential property auctions, and the resultant doom and gloom that the market is crashing. Again in todays Herald Sun an article claims that the residential housing market is in dire straights, because...