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Buying a house is one of the most exciting, yet stressful events in anyone's life. It's an experience full of anticipation, hope and even heartbreak. At realestateMelb.com.au we are helping connect property sellers in Melbourne with property buyers all around Australia.
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Melbourne Property News
Buyers who have sold their property last year or have simply come into some money should find 2012 a great year to make a property purchase. It does not matter if one is looking for a new home or an investment property, buyers should be able to find deals waiting for them in most capital [...]
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5% of property owners says that negative equity became a problem
Posted on 29. Jan, 2012 by admin.
Based on information provided by RP Data, as of the end of the September quarter 2011, almost 5% of property owners in Australia are sitting on negative equity – ie. they owe more on their home loans than their property is worth. If property prices continue to slide this problem will become more serious – [...]
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New Riverfront Development Site at Footscray: Victorian State Government Pays $21 Million
Posted on 11. Feb, 2011 by admin.
AS PART of its push to ensure there is a 20 – 25 year supply of land available for residential development, the new state government’s development agency, VicUrban, has outmuscled developers for one of the western suburb’s most prominent future development sites. VicUrban is believed to be paying about $21 million for the outgoing Le [...]
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DOCKLANDS next major skyscraper should start appearing on city skylines later this year. Sydney-based developer Mirvac has just started construction of its latest waterfront apartment tower, Yarra Point, on the corner of Lorimer Street and Point Piper Crescent. Upon completion in 2013, the $200 million tower will soar 31-levels and include 201 flats. When the [...]
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The Melbourne property market has had a strong run once again through 2010 as many had thought there was going to be a slowdown from previous years of strong growth. One contributor to the continued support for property prices increasing in Melbourne has been the strong population growth. While this has helped fuel the need [...]