Triguboff says property decline the longest in years

Residential property developer Harry Triguboff, says the four-year 20 per cent to 25 per cent fall in Sydney dwelling prices is the longest decline he has experienced. While the rate of decline varies between suburbs and types of dwelling and there are signs of bottoming, the Sydney downward thrust has spread to Queensland's Gold Coast. Melbourne is more stable but at lower levels, while Perth is booming.