Via The Australian:
Values could fall about 10 to 15 per cent from peak to trough and then remain fairly flat for a few years, based on past experience, Mr Kusher said. The apartment market could weaken more than detached houses if a lot of investors choose to sell, he said, adding that if investors held on the reverse could be true: “It could be the detached houses that are weaker largely because people can’t afford them.”
Over the past quarter the biggest Sydney fall was in the North Sydney and Hornsby region, with values down 0.9 per cent, while the northern beaches lost 0.7 per cent and Blacktown prices fell 0.7 per cent.
