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  1. Jake Milne

    Weekly Update (Melbourne)

    Yes.
  2. Jake Milne

    Weekly Update (Melbourne)

    This weeks update: "]http://us5.campaign-archive1.com/?u=b5d89e3839de31c5504ba7626&id=c87afafe0d&e=[UNIQID] Snapshot
  3. Jake Milne

    Weekly Update (Melbourne)

    Here's the report from Monday.
  4. Jake Milne

    Weekly Update (Melbourne)

    A high AUD places downward pressure on inflation meaning that your ROI vs. inflation is increased. A high AUD helps contain interest rates meaning better yields and better borrowing capacities for investors. A high AUD attracts foreign investment as they see our economy providing better...
  5. Jake Milne

    Weekly Update (Melbourne)

    Importing is bad for quantity manufacturing and basic manufacturing. Importing is good for importers of components for higher tech or higher quality processes. Australia needs to continue to innovate and explore high tech options. We cannot compete with basic manufacturing, even if the...
  6. Jake Milne

    Weekly Update (Melbourne)

    Hi Belu, it is - you can opt in here
  7. Jake Milne

    Weekly Update (Melbourne)

    A bit late, forgot to share with somersoft - here is my weekly Melbourne update. Market Snapshot & Commentary Monday 29th October 2012 ________________________________________ Total Auctions: 1,058 Clearance Rate: 66% ________________________________________ This Week in the Market: $826.74mil...
  8. Jake Milne

    Weekly Update (Melbourne)

    Sources: Sales data (REIV), Residex Blog, RealEstateView, RealEstate.com.au, Westpac-MI
  9. Jake Milne

    Weekly Update (Melbourne)

    Hi guys, short and sweet update this week. Had a fantastic weekend of auctions, saw a villa unit in Armadale sell for $2.35mil. Went to 10 properties on Saturday the best was a $7.8mil house in Toorak and another unit in Hopetoun Road, Toorak.
  10. Jake Milne

    Weekly Update (Melbourne)

    Thanks smurfs! That's great you were considering us, and unfortunate that you weren't able to jump in. Feel free to call if you ever want to have a chat about investing!
  11. Jake Milne

    Weekly Update (Melbourne)

    This Weeks Update:
  12. Jake Milne

    Weekly Update (Melbourne)

    For me it's a passion; it makes me happy, confident with who I am and a gives deep satisfaction when I find clients a home they fall in love with or an investment property that delivers amazing results. This job helps me create lasting relationships with like minded people. It's a busy...
  13. Jake Milne

    Weekly Update (Melbourne)

    PS if anyone is thinking about a career in Real Estate it is highly rewarding and great fun but be prepared to work 70-80 hours a week, 6-7 days.
  14. Jake Milne

    Weekly Update (Melbourne)

    Thanks Matto :) At present I have 8 clients and have viewed no less than 10,000 online listings, 18 properties in person (8 of which are off market) so far this week. Usually I will view around around 60-80 in person a month; locations vary on an individual's budget and situation. We're active...
  15. Jake Milne

    Weekly Update (Melbourne)

    Thanks Starter - appreciate the feedback. Our relationships with agents give us the ability to influence many facets during the sales process. Agents understand that we buy a lot of property and are a hassle free transaction for them so they prefer to deal with us more than buyers they don't...
  16. Jake Milne

    Weekly Update (Melbourne)

    Update as of: 27/08/12 This week's Melbourne Update:
  17. Jake Milne

    Weekly Update (Melbourne)

    Section 47C of the Real Estate Agents Act (Victoria). There are also stipulations that the ACCC provides as a blanket (federal) so this may work in other states.
  18. Jake Milne

    Weekly Update (Melbourne)

    As per your edit - Yes, we lose foreign investment - which may mean corrections in new units / off the plan purchases (which are typical investment classes for foreigners) and a general softening from this segment. At the same time people in Australia also find it harder to enter the housing...
  19. Jake Milne

    Weekly Update (Melbourne)

    Whilst that's true; having a strong $ generally increases the cost of housing; which is good news for investors.
  20. Jake Milne

    Weekly Update (Melbourne)

    Good point, I guess it depends on which side you're standing. I'm sure exporters and manufacturers would be in favor of a weaker AUD$ (they prefer around USD$0.65) so I understand where you're coming from. A strong dollar for us though has many benefits inclusive of importing and low...
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