How does this property downturn compare to previous slumps? The black line in this AFR chart provides excellent context for how this housing downturn compares to others over the past 45 years. It suggests we are 4 months into the current cycle, and not as steep as some previous dips. Our prices will keep falling for a little longer until confidence returns. How long do you think this property downturn will last? Please leave your comment.

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