Brisbane Apartment at Bottom?

Valuers HTW say in their recent report that the Brisbane apartment market has bottomed out.  They also say this about residential property in Brisbane:
"The reality on the ground is this – most agents are stating with certainty that there has been an improvements in the number of buyers under $500,000 with the vast majority being investors. Most agents who speak openly and honestly will tell you that this is a good sign but let’s not start popping the corks just yet. We would also say that many who have made the positive the call on the sub half million property turnaround will just as quickly remind you that over $500,000 property is still a ghost town."
HTW June 2012 Month in Review