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    Bayswater, VIC

    What is your budget? In my opinion, I would prefer Ringwood or suburbs before you cross the Eastlink.
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    Sydney property prices set to double

    Agree. Shares are marked to market whilst property isn't. Also people would liquidate their shares when ***** hits the fan, but the house would be the last resort.
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    Which area's in melbourne will go up in the next year or two?

    er...to answer the original question, all areas of Melbourne?
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    Why is Richmond (Melbourne) median so much cheaper than surrounds?

    Is she renting or are you buying a place for her to live in? If it is rent, the difference could be only $30-40 per week between a poor area of Richmond and a good area of Richmond (i.e. Richmond Hill for example). And in my opinion, worth to spend this extra amount for the piece of mind. I...
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    Post up your amazing result (or stupid price) of the week

    Haha, I was going to bid on that as well (would have gone around the $600K mark). Seems like so many people were interested in it. Well, you never know, it could be a stupid....ly low price come a few months or years time. What happens if something like that in 5 years time was worth $1mil+...
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    Hawke street, West Melbourne?

    West Melbourne is simply a joke of a suburb (if you can call it that). I used to refer to it as the Spencer St junk yard. Most people don't even know such a suburb exists and I am sure it wouldn't be the first suburb you think of when you are referring to 'inner city'. Hence, most people who...
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    Off the Plan vs Older style apartment

    I will take an unrenovated art deco apartment (low-rise) any day than a goliath OTP apartment that probably reaches beyond our stratosphere! I would hate to pay the $5-6K annually increased body corp fees not to mention the scarcity value of art-deco apartments (they will never be built like...
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    Altona, Vic

    As I have outlined in previous posts (which you should remember), Toorak is just an example. In fact, it could be any premium suburb, of which obviously Brighton or Albert Park fall into this category as well. Does not change the fact that if you were offered an exchange, you would take the...
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    Melbourne Property Cycle Update

    I would agree, although I would think low-rise apartments/flats would be more popular than the high rise city ones because of scarcity value, boutique nature and low outgoings given high body corp fees with high rise apartments in the CBD. There are a few issues that come into play. Firstly...
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    Post up your amazing result (or stupid price) of the week

    How about this one everyone is talking about? I decided to repeat it because it was such an awesome result. http://www.realestate.com.au/property-house-vic-northcote-106332010 1/20 Vauxhall Road, Northcote quoted at $460-500K and sold for $712K. My mate's colleague wanted to bid at the...
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    Altona, Vic

    There is nothing wrong with keeping up with the jones. I am sure a lot of people find motivation by doing so, and many have become wealthy (or relatively well off) because of this attitude. What is your point about knowing millionaires in Altona? Judging by the current Melbourne property...
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    Kensington - (Melbourne )

    Hey Andrew, this is in your catchment.... http://www.domain.com.au/Property/For-Sale/Apartment/VIC/Camberwell/?adid=2008234941 3/59 Athelstan Road, Camberwell which sold for $722K over the weekend. What a great result, and a stinker of a quote. Haha, I even used this as an example in...
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    Kensington - (Melbourne )

    That Chapman St place, hahaha...yeah, huge price for what you get. But those little houses are setting a minimum price floor all over inner city. The new benchmark it seems is $700K+ for inner city 'houses'. I attended the rounds of Brunswick auctions yesterday, in particular Bennie St...
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    Kensington - (Melbourne )

    I was there at the Elm St auction. $1.67mil is a bargain if you compare it to the little houses and townhouses that go for anything between the $700-1.2mil range. It was bought by an Asian man (along with his family that stood separate). I think he was Vietnamese or Chinese/Vietnamese (just like...
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    Housing shortage? What do the numbers say?

    Hobo-Jo 1. I don't need evidence to prove that people prefer not to live on city-fringes and regional towns (property values and abundance of land dictates this) and city high-rise apartments (know a lot of developers with many apartments less than 50% sold OTP and a lot of apartments for...
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    Melbourne Property Cycle Update

    Bludger, if people only thought about 'houses' as 'yield only feasible' investments, you'd probably find most houses wouldn't even hit the 7 figure mark today. But clearly they do. You are only coming from the point of view of a 'predominately yield only' investor, but bear in mind that there...
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    Housing shortage? What do the numbers say?

    I am not going to get caught up in statistics because explaining housing shortage is futile because it OBVIOUSLY doesn't paint the whole picture. I will briefly list out a few points why such statistics are either misleading or irrelevant. 1. Who cares if there is an oversupply of homes...
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    Melbourne Property Cycle Update

    It is still going nuts!
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    Cranbourne Vic

    I work in the property and construction industry, and I used to work at a property consulting firm so knowing these bits of information is expected. For confidentially purposes, I am not going to say which complex, but I will say it is on Robe St, St Kilda.
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