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  1. H

    Reaching new heights - Inner Melbourne

    and congrats to you Jason for buying in Altona Nth..! A WHOPPING 40% increase in median from Dec 06... I remember you talking about all the tell tale signs of the market moving there however I would never have guessed that the growth would be so steep. well done Harris
  2. H

    Reaching new heights - Inner Melbourne

    I purchased a ground floor unit in this building in 2002. Last sale in that building was for another 2 bed ground floor unit for $340k in May last year. Sounds like the market has moved significantly since then going by this latest one -...
  3. H

    Reaching new heights - Inner Melbourne

    I got my info from domain’s suburb profile as well as rpdata report on historical growth for those suburbs. Every agent in Frankston knows that the market was increasing at the rate of well over 20% for 2 years after 2002, whilst all inner suburbs were either flat or had a little downward...
  4. H

    Reaching new heights - Inner Melbourne

    "I understand that growth in the outer areas has been minimal (and in some cases zero or negative). There has been little growth in these areas since the end of the boom 2003. The same cannot be said of the inner areas which have increased substantially in value post-boom. " When all blue...
  5. H

    Reaching new heights - Inner Melbourne

    Jason, I believe that you have had a bad experience with a single tenant in Frankston area and thats given you an overall bad taste in the mouth regarding the outer suburbs. I look at it like this.. If my entire portfolio is to grow at similar rates across say a 10 year time frame, then...
  6. H

    Reaching new heights - Inner Melbourne

    I have spoken to many BA's over the past 12-18 months and the most common theme I find amongst them is that they DO concentrate on inner suburbs. It may be the safety factor knowing that inner suburbs are less volatile in any given market compared to the outer mortgage belt or that the inner...
  7. H

    Reaching new heights - Inner Melbourne

    I dont believe in the myth that inner city appreciates at a higher rate over the long term compared to outer suburbs within a metro. If you analyse long term (15/20 years +) trends for suburbs, you would realise that majority of outer suburbs grow almost the same or in some cases out perform...
  8. H

    Reaching new heights - Inner Melbourne

    Another classic example of under quoting http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=103860669&f=0&p=200&t=res&ty=&fmt=&header=&c=80400583&m=1&s=vic&tm=1177557431 advertised for $200k + sold for $289k
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