Australian market 50% overvalued according to The Economist

[Ausprop]

ask the authors what properties they are dumping and offer them 20% above 'true market value'

 

[mystery]

“Home insurer the RACV has reviewed Melbourne’s crime statistics to see which suburbs are most at risk of burglaries.

It found Collingwood, with its high-rise flats and crammed terrace houses, and Caroline Springs, with its brand new homes set on quarter-acre blocks, were the two suburbs where homes were most likely to be burgled.

The review found on average, one in 12 Collingwood homes was burgled each year and that one in 13 homes were burgled each year in Caroline Springs and adjoining Deer Park, which shares the same postcode.

The results far exceed the state average, of one in 48 homes being burgled each year.

The next suburbs on the burglar hit list were inner-city Fitzroy (one in 14), Braybrook (one in 16), Abbotsford (one in 17) and Malvern East, Caulfield East and Parkville (one in 19).”

Geez, that survey result is going to disappoint the Melton knockers on SS, .... it only came in at number 20..... Those burglars are just going to have to knuckle down and try harder before the next set of results come out ....

Martin

 

[sheepdog]

Geez, that survey result is going to disappoint the Melton knockers on SS, .... it only came in at number 20..... Those burglars are just going to have to knuckle down and try harder before the next set of results come out ....

Martin

That survey result also has absolutely no credibility considering the RACV site itself contradicts it.

Also, 3023 consists largely of Deer Park which is apart of Brimbank, not Melton. As far as I can tell, just about every area that have median (or lower) priced homes within a reasonable distance to the city in Melbourne made it on that list.