All Topics / Help Needed! / Buying next to a new development.

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    @usmic
    Join Date: 2012
    Post Count: 12
    August 26, 2015 - 3:58 pm

    Hi, I am looking at buying a unit (in a block of units) because that is all I can currently afford (budget of $230K) in Melbourne. However, across the road there is a development site that is about to build luxury apartments. I have heard that you are not supposed to buy near new developments. What is the reason behind this?

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