"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.