Friday, January 16, 2009

Vultures Turned Away

Re/Max Integrity principal Nerina Sportelli said: “We have buyers ringing up and asking about the sellers. Are they bankrupt? Do they need to sell? There is a perception among buyers that prices will fall, but I don’t think that will happen,’’ she said. Real Estate Institute of Queensland managing director Dan Molloy believes that median house prices have only “softened by a few per cent’’ since the bumper results of the September quarter.

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