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  1. J

    Melbourne Property Cycle Update

    I doubt it. Back in the day it 90s.. it was easy to go to the city to work... nowadays it takes like 1-1.5 hours from clayton. Unless the corporates and court houses, melbourne uni, swiburne, monash and the rmit all move to point cook or rowville or frankston - then yeah.. but with the...
  2. J

    Melbourne Property Cycle Update

    I guess we both are - i deal a lot with them too. And the last 2 who bought - 1 had a daughter in foundation year entering 1st year uni (that's another 3 years to hold the property) and the other was the in 1st year uni at RMIT - so unless they decide not to continue their tertiary education -...
  3. J

    Melbourne Property Cycle Update

    Foreign buyers - if you're talking chinese (i doubt it - they're probably just going to hold it. It's hard enough to try to get money out of china and to hide their wealth. 2nd - Some of these foreign buyers mostly have kids (in foundation year or year 12) and it would be a good couple of...
  4. J

    Melbourne Property Cycle Update

    I think prices are still peaking in certain areas and may slowly stablize in the near future. If the government changes the laws on foreigners buying property then it might be a different market. Otherwise, it is so heated - went to auction in burwood.. it went from 450K to 575K. Likewise...
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