Victoria SFH dropped 8.4% Dec 10-Dec 11
A $50K drop YOY!
December numbers are always a bit skewed.
However the annual sales numbers for 2011 was the lowest for 5 years, lower than 2008!
That would suggest Victoria is in a full out housing recession.
We should get the official VREB numbers soon.
Also the YOY numbers for the FVREB should be interesting.