1. Declines in Sydney & Melbourne of 4.1% in past 3 months, Sydney down 13.2% since July 2017, Melbourne catching Sydney in the declines
2. Declines in lending, which has led to declines in transactions - down 20-22% in Sydney & Melbourne the last 12 moths, and down 40% from the 2015 peak
3. Positives from the report - Immigration numbers remain high, and Interest rates are low