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    [Melbourne] Thoughts on apartment as first home/investment?

    Well he won't be building much for a while unless Ted is keen to get out of government or Matthew can't wait to become opposition leader. I see he's made front page Age today.
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    [Melbourne] Thoughts on apartment as first home/investment?

    They rush to buy new ones then can't resell it. One of our staff bought QV few years ago, 2 bedder, for 690. Can't sell it now (obviously). We'd develop our sites around Chinatown if possible because as you say, the Chinese just pay a premium for new stuff near Chinatown because, well, they're...
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    [Melbourne] Thoughts on apartment as first home/investment?

    That's right. Some key risks I see with these sorts of investments are: - it is not a mainstream market (while Asians are by and large very rich due to sheer population, when in Australia that is still not a mainstream market --> it's like saying no Chinese food chain will ever get as big as...
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    [Melbourne] Thoughts on apartment as first home/investment?

    That's not a good thing. Where supply > demand...
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    [Melbourne] Thoughts on apartment as first home/investment?

    Not a big fan of suburban apartments unless location is really unique. Given the massive supply of apartments, you want to choose ones that really stand out. My favourite apartments are still some of the nice buildings around The Tan on St Kilda Rd. Still best spot to live as far as high...
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    [Melbourne] Thoughts on apartment as first home/investment?

    I don't like most parts of South Bank. But there is one spot that's really nice and that's on St Kilda Rd across from the Tan. That's probably the only spot I'd consider an apartment to live in. Next would be Port Melbourne penthouse with bay views, but that would be a far distant second and...
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    [Melbourne] Thoughts on apartment as first home/investment?

    Go Port Melbourne, bay view.
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