The CT has this story on the drop in the Canberra property market. The question is have they put out this story to tell people to offer $50,000 less or in order to try and get people back into buying property by saying how much cheaper it is now?
I like this bit
First-home buyers were looking for homes in the vicinity of $350,000, although some had saved their money during the property boom and now could afford up to $400,000.
So they are telling first home buyers that they should expect to pay $400,000 instead of $350,000