I wonder what April sales volumes will be like. They are pretty much always lower than March. I guess as people have completed their summer rush and put off winter buying until next spring. I reckon there needs to be at least a 20% drop in volume for there to be any hope of a devaluing market. If volumes around 10% less then that’s just pretty well typical for this time of year. Prices also need to drop back significantly. We’ve had an approx 3% growth in the past two months of positive growth. The doom gloom people need this to be clearly a dead cat bounce otherwise their predictions are going to founder.
Over the past few years I reckon the property market has been under extreme pressure – but it is just so resilient. Even Shrewdy would have been a bit better off if he’d made the leap of faith. If the market can’t capitulate under the pressure its been under then what does it need to create the drops others are anticipating?