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No wonder he's been hanging out in glen waverley a fair bit - his red ferrari with the license plate GU seems to be there all the time.

yeah i know a mainland chinese guy who bought 5 pizza places and 3 milk bars all in the red - similar to a person who bought a vineyard couple years ago. if that russell st goes up - i don't mind getting a place there due to the location as it's close to all the eateries and restaurants.

affordability is key i agree and the first places to fall with significant impact would be areas where mortgages are under pressure due to income levels etc such as doveton (foreclosure capital of melbourne). But if you're expecting young folks to pump up growth in toorak or brighton, then that...

normally it goes from auction to "for sale" not the other way around. I sold my property at auction got passed it and sold after auction with couple of guys waiting around 6 months ago - it was still considered as a sale through auction. that's why they have abbreviations like Passed in, Prior...

that's coz advertisements were done on the basis of an auction and possible interested parties might have wanted to try their luck by putting in offer prior to auction and also the vendor might have wanted to keep the costs down by not paying the auction fees. Works both ways. Auction reports...

yes that is what we are seeing - small corrections etc but prices aren't really going back to where they were 5 years ago if that is what you are hoping to achieve. Properties in premium suburbs still sell over 1 million like in brighton. There is a problem with the new first home buyers...

In general or having a macro view - the average price of properties victorian wide has seen a drop however they are many micro markets within victoria itself. Many within good infrastructure, demographics and proximity to pubic schools have seen their prices hold up and not drastically drop...

many of these buyers are cash buyers or investors looking to hedge their money overseas - such as the person described in the article who is a celebrity singer and her husband a politician and businessman.the thing is they launch it in asia for a reason - as normally in malaysia, singapore etc...

start with a budget first then look

just wait to find a good deal - they's quite a lot on the mkt.

it all goes down to lifestyle reasons as well. i for now... would prefer to stay in the CBD like QV as it is easier for me to do things. walk to a work client site (80 collins, yum cha in city and buying groceries etc - things that i normaly go back and then drive out to get. would prefer just...

south melbournne - depends which areas you are looking at. they are not that many for sale and it is much quieter.