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Thanks GoAnna - looks like the slide is on! Now at 73%! Wonder what it will be next weekend. Regards Jason.

Hi popeer, I don't really know to be honest. Suffice to say that many outer areas experienced an increase in values late last year, between September and December. The current climate is very tricky to gague! Consisting of all of these elements: 1) Subprime scares daily (Bad for...

My thoughts too Twitch. Better no news than bad news! Well, we have just had valuations come back - very good news - but obviously based on December results. Currently locking in LOC's to weather the storm.........

Re: Results from Saturday Hi everyone, An update after Saturday's auctions - particularly in the wake of interest rate rises and economic turmoil.... I attended the auction of this flat in Nth Melbourne on Saturday...

Hi MTR, The action really starts this weekend with auctions. (Although there were some last weekend). Will post some results after Saturday. Regards Jason.

Thanks Harris, But it was actually Altona Meadows!! Still, Altona Meadows has done well at 14% growth - not quiet 40%, but never mind. I still think Altona Meadows is on the rise. People have been priced out of Altona North, Yarraville, Newport, Williamstown, Altona (which grew at 38% over...

Congratulations David, You have bought very well. So what seemed expensive a little while ago now seems like a very good buy! Regards Jason.

Hi MTR, North Melbourne has continued to power ahead over the past 2 months. I am not sure if North Melbourne would still be considered under valued in light of the recent sales. I suppose it depends on which suburbs it is being compared with. Suburbs nearby that would warrant a comparson...

Hi Anthony, Would you know what the current price for a 2 bedroom Terrace home is in Newport - The part closest to the Strand? Regards Jason.

Thanks Sailor. There was a lot of luck in this purchase! Just got in by a whisker before the market took off!! David - We had the property valued by a different bank to the one that it is currently held with. We had only settled on the property 2 weeks ago. Purchased it in early March...

Just thought I'd update. Had this particular Terrace revalued. Came back today at $520,000. Got me thinking, the place wasn't perfect - I nearly didn't buy it - look what I would have missed out on! Now am ready to go again. Simple message for me - there is no such thing as the perfect...

Hi Twitch, This makes a lot more sense actually! Regards Jason.

The place in Brunswick East mentioned above was last renovated in the 1980's, and had not received a recent renovation. It still achieved the result above!!! Furthermore, the Terrace home I was looking at in Nth Melb that went for $551,000 (Lothian St) simply had a paint over and was not...

Hi Yadreamin, Just looked up the paper for 7 Bouke - Undisclosed. I hate that! It may be in tomorrow's paper though. I asked an agent once why this happens, and he said it was because they were too late in passing the results through to the paper. I can't believe the underquoting going...

Brunswick East on the Move I was interested in a 2 bedroom Terrace with ROW in Edward St in Brunswick East. The property in question was initially advertised at $410+, and later revised to $450+. It achieved an astounding result of $600,000 yesterday at auction! The inner areas are moving...

Hi DavidMc, Thanks for this, I really appreciate it. Regards Jason.

Hi Twitch, Love these charts. Do you have one for North Melbourne? Regards Jason.

Hi Harris, Thanks for the reply. Yes it would be true to say that I have been influenced in part by this experience which is a little short sighted. I guess we are all coloured by our experiences. However, I have noticed the speedy capital growth obtained in the inner suburbs over...

Interesting findings. Growth rates are important and so is yield. However, so is the quality of tenant attracted to the inner areas. I believe the quality of tenants and the chance of being paid your rent consistently on time is greater in the inner areas than the outer areas. The...

I know just the property you are talking about!!! With regard to the agency, I quizzed them several times about the price of the terrace I was interested in. Many times the answer was "Oh, it will definetely go for the mid $400's". Keeping in mind it was in a mixed zone, it wouldn't have...