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But even parts of the booming Central Coast have not been spared, with Bateau Bay prices down 9.2 per cent.
Some buyers are already reaping rewards, such as Adam and Stephanie Horne who secured a Blakehurst property initially valued at $1.2m for less than $800,000 – a 30 per cent drop.
The couple and their two sons, Lyndon, 3, and Lewis, 1½ will soon move into the two-bedroom brick home on a 824sq m block they've had their eyes since last year.
"It was on the market for about a year," Mr Horne said. "They actually knocked back $1.1m a year ago and it went to auction five weeks ago and I got it for $791,000, so we were happy with that."
Some buyers are already reaping rewards, such as Adam and Stephanie Horne who secured a Blakehurst property initially valued at $1.2m for less than $800,000 – a 30 per cent drop.
The couple and their two sons, Lyndon, 3, and Lewis, 1½ will soon move into the two-bedroom brick home on a 824sq m block they've had their eyes since last year.
"It was on the market for about a year," Mr Horne said. "They actually knocked back $1.1m a year ago and it went to auction five weeks ago and I got it for $791,000, so we were happy with that."
http://dailytelegraph.news.com.au/story.js...storyid=3312625
