A report from Daily Mail Australia. "The bank account of China's youngest female billionaire has taken a hit after she sold her luxury pent house apartment in Sydney for a loss. 'Nancy' Zetian Zhang sold her three-story penthouse overlooking the Sydney Harbour Bridge at The Rocks for $13.5million - $2.7million less than she paid for it. The 2015 sale was the top price for an apartment sale that year."

"The property was put up for sale again in June 2017 with the asking price of $18 million. However, the price tag dropped to $15 million early last year."

From News.com.au. "Sam Karagiozis has always been a big believer in bitcoin. And he was prepared to put his money where his mouth is, investing $15 million to roll out the first ever nationwide network of bitcoin ATMs several years ago through one of his companies, Auscoin. But then, the crash happened."

"Today, one bitcoin is worth $4946 — and Mr Karagiozis estimates he’s lost around $3 million as a result. It’s not just bitcoin that has caused Mr Karagiozis’ profits to take a hit — he estimates he has also lost a further $2 million thanks to Australia’s housing market downturn."

From Mirage News. "Off-the-plan units top the list of the most perilous property investments, and the risks will rise dramatically if changes to negative gearing and capital gains tax go ahead, according to Riskwise Property Research CEO Doron Peleg."

"'So, when a market is already weak, for example off-the-plan units in an over-supplied area, as we see in capital cities around the country, this will contribute further to the price reductions,' he said."

"He said an example of this was inner-city Brisbane where weakness in the market had led to lower valuations, rising defaults on settlements, major discounting, falling rents and ‘over-the-top’ incentives to get buyers across the line."

From ABC News. "Property analysts are predicting the Opal Tower effect to hit the value of Sydney's off-the-plan apartment market in the coming months, contributing to what one expert is calling Sydney's 'feeding frenzy of negativity.'"

"Tens of thousands of new units get set to hit the local market this year — creating an expected oversupply in Sydney — property analysts say the flow-on effect of the Opal Tower drama, combined with softened market conditions, will create a 'new reality' for new apartment owners and investors."

"'There's so much uncertainty out there now,' said Andrew Wilson, chief economist at My Housing Market. 'There's a high-point of supply in the market and a general retreat in buyer confidence. And then Opal Tower happened — it couldn't have come at a worst time for developers.'"

"However the January period is traditionally a quiet time for the housing market, and AMP chief economist Shane Oliver said the true impact of Opal Tower would not be known until February when 'normal activity' returned to the market."

"'But what we do know is investor and buyer demand has fallen sharply, even before Opal Tower,' he said. 'And now to add to that there's uncertainty of the finished product — that's going to make it so much more difficult to sell off the plan.'"

From Whimn.com.au. "I am an active member of Generation Rent. Over the past ten years I’ve willingly helped numerous homeowners chip away at their massive mortgages while I’ve sat back, chomping on my smashed avo, copping rent increase after rent increase."

"But now renters are finally getting their revenge. Recently I decided to try my hand at negotiating a rent reduction, and I won. Thanks to a little research and one email to my property manager, I’m now saving $1500 a year on rent."

"LJ Hooker’s Evelyn Daoud has been a real estate agent for a decade and said this year has been the first she’s ever experienced rent decreases. And she says more are on the way as the market continues to fall."

"Estate agent Wendy Flanagan says she’s telling nervous landlords the rental market is the worst it’s been in 13 years and to expect further falls as a wave of brand new apartments flood the market. 'Owners are taking a hit just to get their properties leased, otherwise it could sit vacant for weeks on end,' said Ms Flanagan."