Getting the best price in a property slump

LAST  week it was reported that more than 50 per cent of homes across Australia dropped in value - the worst housing slump in nearly 80 years, according to Residex. In Sydney alone, prices fell by more than 1 per cent during June to a median of $573,000.

Coupled with rising petrol prices, mounting concern over interest rates and low consumer confidence, homeowners face uncertain times ahead.

But what happens if you have to sell? read more