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Really glad to hear it. As I stated, I don't get caught up in short-term media hype - it is only what I read. The figures I quoted were not much off though. Here is a far more positive spin on the article...

Suraj, There was an article in the Sunday Herald Sun just past where the focus was on the record increase in Melbourne. Melton was one of a handful of places that went down in value over 12 months. It didn't differentiate between areas within Melton. From memory the price quoted dropped...

Edwardo, I'm with with Coopers and quite happy with them. Fellow investors are with Sweeneys and happy with them. I would suggest you stay away from JG as they have little focus on the PM side of things. I think they focus more on sales.

I've used Herron Todd White for my two most recent Victorian properties but it's great to see that other forumites are happy with the others. It's choice that makes the world go around. I did want to give Depreciator a shot given Scott's contribution here but the quoted price just didn't...

Hi Rodimus, When was the quote given? I'd have to agree with myoung. I've been looking at domain and RE and it is my impression that $250+/wk is a sticking point for a property that has little else going except for being new. It appears anything at 250 and above for what you are...

Sash, That's amazing. Yes, I consider that a good investment. I didn't think you could get in at that price last year. Well done! :eek: The house I bought cost the owners $175K to build in 2003 (without $8K landscaping) and sold to me for $225K last year - a CG of 23% over FOUR years...

Every other IP I own (SEQ, Melbourne) has performed MUCH better than Melton house prices over the last three years. No offence intended but that is just a fact. Chances are if you had bought in the south / east 3 years ago, you would have done much, much better. The only reason I bought...

Hi fjficm, I don't mean to "rain of anyone's parade" here but this sounds like a "talk it up" spruiker session for Melton without facing some of the real-world issues. Sorry Peter, but I can't see ANY "facts". The last time I checked "potential+++" is not a specific positive - in fact it's...

Paris, London, Melton What the....?? I saw this on the news last week. Melton is on the map. http://www.theage.com.au/news/national/so-which-is-the-worlds-best-shiraz-witchmount/2008/05/22/1211183002981.html I'll have to pop in one day when I make an excuse for an inspection.:D

If this is to be your PPOR, you should not have to pay tax. The SRO has a website at http://www.sro.vic.gov.au with a mailbox for enquiries and a calculator for amounts. If you find a mistake has been made you can lodge an online form disputing the amount payable. Like any goverment...

WallaceTai, I did some work in Melbourne early last year and Philip St houses and units were coming onto the market. If they are still available, surely this must say something about their desirability. These will become the slums as land is abundant. Land appreciates, buildings...