Recently released property figures show a 6% quarterly drop in Melbourne's property prices.  We see this as being a natural correction after many months of growth in an otherwise lacklustre economy.

While this news is not welcome for those about to or currently listing their properties for sale, homebuyers might take some relief at the news.  While the medium and long term trend for property is generally in the upwards direction there are periods where a decline occurs.  Many buyers including investors see this as an opportunity to get in while there is a shift in the growth cycle.

You can read the full article at news.com.au