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  1. buzzlightyear

    melbourne up 25% in 2007!

    http://www.news.com.au/heraldsun/story/0,21985,23248714-661,00.html Well it seems that most (not all) of the suburbs that are starting to feel the IR pressure are western & outer eastern suburbs......
  2. buzzlightyear

    melbourne up 25% in 2007!

    All outer suburbs aren't created equally. Melton is 97.4kms away from Frankston South, which is 45kms from Packenham which is 90km's away from Werribee. Given such a a big geographical area, so to simply debate outer v inner is relatively meaningless unless you get more specific about the area.
  3. buzzlightyear

    melbourne up 25% in 2007!

    The only accurate answer to that is to locate where the majority of mortgage defaults are occurring today. I don't have the answer, I only have anectodal evidence from a few RE specialists who deal in reposessions and auctions for banks and mortgage defaults and they have always tended to...
  4. buzzlightyear

    melbourne up 25% in 2007!

    Well, the auction season for 08 starts again this weekend, and will have plenty of auctions until the end of March to gauge whether the heat is still in the market. As for property's still being on the market after going to auction, then either the vendor is being pigheaded about their price...
  5. buzzlightyear

    melbourne up 25% in 2007!

    I agree with the comments that growth levels will come back to a more normal level, but rents are still running with the bulls. It is not uncommon to sign tenants to an agreement and within a few months rents have already increased again. One example doesn't make the case I know, but my...
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