PROPERTY prices have come down some 30 per cent since the announcement that the Government was investigating how to cool the property market earlier this year. The fact that the prices have gone up by 100 per cent in the past 12 months seems to have been overlooked. The land auction which was reported as an indication of the cooling measures working, could also be the cartel saying, 'Let's cool off for a while until the focus on prices is off'. The focus will be off after the comment of Tony Eason, Secretary for Planning, Environment and Lands, last week, that the Government would not implement phase 2 of its cooling measures. The fact remains, prices are far too high for the ordinary man in the street to buy his own apartment, which every hard-working family man is entitled to. At today's prices he cannot find the money for a bank down-payment, let alone afford a mortgage. On the other hand, if he is in a rental situation, once again the Government has left him to be raped by greedy landlords looking at increases of 100 per cent on previous rentals - rather than imposing some sort of rent control. Of course one has the option of the Land Tribunal, which bases its judgment on 'market values' - but if they are already inflated, the rental will remain high. The Government must look again at both property prices and rents. It has to take further action rather than trying to pull the wool over our eyes by saying that the problem is over and that we must move on to other matters.