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Does Whyalla's real estate nightmare have broader lessons?

2016-04-12 13:59:40| Real Estate - Topix.net

The latest NAB survey of residential property developers, owners, agents and investors shows house prices will climb slightly, while apartment prices will fall as local investors and foreign buyers pull back. The average time on the market for a house in the battling regional city has blown out to a whopping 248 days and many people are being forced to cut asking prices by 20 per cent.

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