Melbourne : Boon for buyers as house prices tumble

HOUSE values are bleeding up to $7500 a week as a downturn in the property market hits home.

Top-end properties are selling for $200,000 less than they achieved late last year, while the average $400,000 home has lost about $40,000.

» Boon for buyers as house prices tumble – The Herald Sun, 24th August 2008.