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  • Profile photo of AJ_AJ_
    Participant
    @aj_
    Join Date: 2008
    Post Count: 7

    Hi Michael,

    Thanks for the replies, really appreciate it ! To give a bit of context, I live in melb and am thinking of purchasing a property in melb, either an apartment in the inner east (hawthorn, malvern, carnegie ) or looking for a house / villa in Ringwood (although not too sure at this stage). it would appear that fundamentals are quite strong, but looking at some areas, prices have flatten out the past 6 months, possibly due to interest rates.

    Have not really thought about purchasing a place interstate / or in the country as it seems like a lot more effort.

    AJ

    Profile photo of AJ_AJ_
    Participant
    @aj_
    Join Date: 2008
    Post Count: 7

    Hi Michael,

    thanks for that. I think I was looking on domain/realestate for  within my price range first, rather than concentrating on a few areas and seeing if there are ones within my price range. I have found the recently sold listing quite useful.

    just another question, if prices have decreased in a certain area (for the past 6 months) or past year, is that good or bad for a buyer ?

    Profile photo of AJ_AJ_
    Participant
    @aj_
    Join Date: 2008
    Post Count: 7

    is there any way to find out what a reasonable price is ? obviously you can go by the median price in that particular area or buy reports, but i don't want to waste time looking at properties that are going to be out of my price range…

    Profile photo of AJ_AJ_
    Participant
    @aj_
    Join Date: 2008
    Post Count: 7

    hello, is there an information source that lists houses that are being sold as a result of people defaulting on their mortgage ? how do you find out about mortgagee properties in australia ?

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