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I think there are some areas that are holding their prices and some areas which are not - combined with the selling price often being accepted at well below the asking price. One house that I have been following has been dropped 30% in price (mind you it is out in the bush and probably no one in their right mind is going to go there) whereas there have been others in my suburb that have gone almost as soon as they have been posted with prices on a par with a slight increase from other recent postings.
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