Hi Susan
If only everyone lived in Sydney and Melbourne! The truth is a little more complicated than you describe and whilst you might delay a purchase in Sydney or Melbourne anything sold there probably transfers in part to the other markets. Certainly, prices in the other capital cities are still rising, albeit not by much, but not falling. The panic you decribe is not represented by the facts on the ground and it might be misleading to describe the Australian context by Sydney and Melbourne alone.
regards
Chris

Reply to article

For original story, Click Here.