Melbourne middle/outer eastern suburbs madness?

[jazzlobber]

Here's a mcmansion on a small block in noble park,sold for $718k

http://www.realestate.com.au/property-house-vic-noble+park-116292935

Cheers Spades.

nice enough looking gaff, strange all blinds are pulled in most shots, natural light obviously not important here?

 

[Redwood]

The foreign Chinese are a good gauge of when to get into the market (ie get in when they're not buying, and stay away when they are).

Great call Deltaberry absolutely agree, look at EQ tower, ....

Cheers, Ivan

 

[impala67]

Asian appetite for Australian houses tipped to grow

May 6, 2014 - 3:46PM - Bianca Hargte-Hazelman/The Age

http://www.theage.com.au/business/the-economy/asian-appetite-for-australian-houses-tipped-to-grow-20140506-37tmk.html

"The pace at which Asian investors have been snapping up Australian property is expected to accelerate and hit $44 billion in the years ahead, putting upward pressure on local prices.

The staggering figure, predicted by Credit Suisse comes as global investment manager Nomura warned on Tuesday that China's property market is headed for a correction and economic growth will slow to around 6 per cent, unless the government steps in...

...When the Chinese property market is not doing as well, and Mainland investors they decide to move their funds elsewhere, foreign real estate is seen as a very safe alternative, said Westpac senior international economist Huw McKay, adding that Australian property remains hugely popular among international investors..."

 

[impala67]

Hawthorn mansion sells for more than $20 million

Hawthorn mansion sells for more than $20 million - 7.5.14

$20m mansion sold... and more to come

Buyers of a $20m Hawthorn mansion are on the lookout for more prestige properties of up to $30m each.

http://theage.domain.com.au/real-estate-news/hawthorn-mansion-sells-for-more-than-20-million-20140507-37vlt.html