I’ve been thinking about the price drops forum.
The problem with it is that it only tracks the price drops on induvidaul properties
I think we neeed a comparative price drop forum.
Let me explain No 212 Lovely Heights goes on sale 2006, at say 500k, sells in 2007 at 425k. The price drop is recorded at 75/500 or 15%. Then No 213 Lovely Heights (a compartive property) comes up for sale at 400k, and sells at 390k, a drop of only 2.5%, but from the peak its compartivly droped much more,( 110/500 or 22%.)
I’ve seen stuff sell reported at a 15% drop, when from peak (May 2006) to now it/s more like 60%.
Anyway what do the rocket scientists on this bord reckon?