Falling House price: Good for first-home buyers?

Sydney and Melbourne are in the middle of the steepest downturn in house prices in decades and top experts say there’s a way to go yet. The experts also are now forecasting that decline to continue to near 12 per cent before prices steady next year. This is compilation of opinions of listeners who shared their views in “Vanga Pesalam” program. Our guest: Mr Samuel Pooranasatkunam. He is an Accountant by profession and was working in the finance sector for about twenty years. He has built residential, commercial and childcare centres in various countries. He also owns and operates Construction, Development and Real Estate business in Sydney.