"The supply of land, units and housing, as predicted was a
problem in 2011. This was particularly evident in the unit
sector. In spite of no new major projects commencing
there is still an oversupply of new and near new unit
stock washing around in the market. Unit values have
continued to slide over the course of 2011 driven down
by a combination of liquidators/receivers holding too
much stock, a lack of confidence amongst buyers and a
steady supply of mortgagee sales."
HTW Month in Review
By the way, The Oracle has a new fancy website.
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