PLUMMETING property values have prompted warnings Australia is heading for a one-in-a-100-year real estate slump.
New figures from property analyst Residex showed house and unit prices in nearly every city and country centre fell last month. The last time all states fell at the same time was just before the Great Depression.
» Property nearing once-in-100-year slump – news.com.au, 13th July 2008.