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Melbourne heritage apartment soaring

Discussion in 'General Property Chat' started by ATANG, 17th Mar, 2016.

  1. ATANG

    ATANG Well-Known Member

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  2. Barny

    Barny Well-Known Member

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    Everything has gone up. Cheap credit will do that.
     
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  3. EN710

    EN710 Well-Known Member

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    (looking at Sydney CBD apartment prices)

    ...

    (Looking at the list you posted)
    ...

    They look relatively cheap....
     
  4. larrylarry

    larrylarry Well-Known Member

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    Everything?
     
  5. ATANG

    ATANG Well-Known Member

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    Not with other types of apartments.
     
  6. ATANG

    ATANG Well-Known Member

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    Oh really? How much would they cost in Sydney?
     
  7. Barny

    Barny Well-Known Member

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    Generalising sweeping statement.
     
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  8. Gockie

    Gockie I'm an ISTP-A female, so I might be a bit quirky! Premium Member

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    Maybe the buyers of those Melbourne apartments are all just Sydneysiders.
    Yep, they aren't expensive/downright affordable when you compare them to what you'd pay in Sydney. I'd say the one that went for 970k would be about 1.5mill in Sydney.
     
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  9. jaybean

    jaybean Well-Known Member

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    Thank god, some good news for once. I own one in the Melbourne CBD so it's good to finally hear something positive. Bad buy but lesson learned. Fortunately it's in a beautiful 100 year old building, mainly OO's and less than 80 apartments in the building. Huge proportions. Beautiful apartment but geez what was I thinking lol. I console myself by saying at least I didn't buy in one of those 1000 apartment behemoths in Docklands or Southbank...could have done worse.

    Also that one at 394 Collins is junk. The rest are nice but jeez I wouldn't have paid 600k for that shoe box.
     
  10. jaybean

    jaybean Well-Known Member

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    Na Melbourne inner city apartments have been hammered hard. They are cheap compared to Sydney but as someone who used to check the market daily I agree with the OP - those prices are much higher than they have been for the last 2-3 years.
     
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  11. EN710

    EN710 Well-Known Member

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    I'm not familiar with Melbourne price on apartment, just how looks cheaper than Sydney :D
     
  12. jaybean

    jaybean Well-Known Member

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    It sure is. But it's deceptive and there's a good reason for that - the over supply is staggering. If it looks too good to be true...
     
  13. MTR

    MTR Well-Known Member Premium Member

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    Nope the Sydney investors are in QLD, low base areas.

    You will find in Melb market in general is strong - FHB, investors, overseas investors buying up.