So if house prices follow the drop in money we are in for a 60% drop in sale prices ?
The figures show that we have only had a about an 8% drop to this point so another 52% to go ?
That does not include any loss of confidence due to the fall in retail or losses of jobs or the possible incoming Labor government and NG and increased taxes ??
If this scenario comes true we will see a similar drop as they had in the USA with some houses dropping to $20 000 ????
