Quote:
Originally Posted by Vendot
Hey Nekrom......... where is the best value property out your way right now? Are prices down in Melbourne too?
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Inner city Melbourne prices are still quite high due to demand but suburban area prices are slowing down. Clearance rates last weekend for property sales dropped to 45% down from around 62% ish same time last year.
I'm no property mogul but I reckon prices will drop even more over the next year. I don't know much about Sydney but I hear they are in the same boat.
I'd say best value properties would be 1-2 hours out from any major capital city, semi rural towns, or coastal regions, etc.
-N