Tsunami has hit? Syd and Melb -1.1%

Discussion in 'Property Market Economics' started by willister, 1st Jun, 2017.

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  1. melbournian

    melbournian Well-Known Member

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    1.camberwell
    2. preston
    3. reza

    Went to a few others but nothing like FOMO on albert st preston.
     
  2. willister

    willister Well-Known Member

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    I reckon that cluster around the middle North East would be the last rung of 'million dollar' suburbs.
     
  3. melbournian

    melbournian Well-Known Member

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    I dunno - would you not be surprised sunshine and st albans taking the million dollar path?

    Reservoir I believe will be a million dollar + suburb over the years (close to universities, preston market, summershill shopping centre, train tracks crossing removal, northland etc). High St in Preston is already a mini Chinatown. Preston is already nearly there on average.
     
  4. melbournian

    melbournian Well-Known Member

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    @willister just look at the commie mainlanders getting sold stuff in the north (in the showroom)

    upload_2017-6-7_16-48-2.png
     
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  5. willister

    willister Well-Known Member

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    As opposed when I lived there? Hah, wouldn't everyone for most suburbs?? I reckon Sunshine may become a thoroughfare once they build the airport link.

    I recall in the early 2000s when I was first exposed to prop investing etc. my old man used to read newspapers and look at auction results every Sunday and went wow, prices are high...it's now 200K for St. Albans.

    wtf? that is a "showroom" lol...I want that model town for my sons! ahahha
     
  6. melbournian

    melbournian Well-Known Member

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    mainland commie style hahaha :)
     
  7. Kangabanga

    Kangabanga Well-Known Member

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    is that on a ping pong table??:eek:

    you should check out the couple of really old sales ladies selling apartments in the mall down at sunnybank;) I'll post a pic next time. Bubblicious
     
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  8. melbournian

    melbournian Well-Known Member

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    Maybe for extra playing time after a sale haha - I think it' should one those Bunnings table these guys bought an old school and developing townhouses and apartments would have thought they throw something decent as u said money's tight in commie china :)
     
  9. JK200SX

    JK200SX Well-Known Member

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    Two interesting points here:

    1 The house on Jones Crt is in a RGZ zone
    2 This is the second lot of folk from Kinglake that I've heard have paid big bucks in Bundoora. The other was a couple from Kinglake who purchased a house on the other side of Plenty Rd on Milton Pde for $933K!


    A couple of weeks ago I was at the auction for:
    1 Julie Street, Bundoora, Vic 3083 - Property Details
    Didn't expect it to go for so much, and now sorta regret the circumstances....
     
  10. willister

    willister Well-Known Member

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    I was thinking there is "more to it than meets the eye", there must be something that can be developed/sold off for much more but I can;t work it out. Interesting that it is the 2nd couple from Kinglake.
     
  11. melbournian

    melbournian Well-Known Member

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    just being in the RGZ zone is worth 20-30% more (more favourable setbackups, more favourable heights, no minimum garden requirements etc)
     
  12. Bunbury

    Bunbury Well-Known Member

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    Apparently it last traded for $43,500 in 1986. I wonder how much it would have sold for in 2012?
    Mid to high 400s methinks.
     
  13. Bunbury

    Bunbury Well-Known Member

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