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The Wakelin Blog

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Melbourne property market steady over 2012

Melbourne property market steady over 2012

It's that time again when we aggregate and average out the reports of the five main property market data providers. As you can see from the table below, property prices rose over both the 3 months to and 12 month to the end of December 2012 timeframes. The numbers confirm our experience in the market place that 2012 was a year of slow decline in the first half, followed by a weak recovery in the final six months or so...

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Perfect Prahran: suburb profile

Perfect Prahran: suburb profile

When it comes to cool and urbane Melbourne addresses, there are few, if any, suburbs that top the appeal of Prahran. Bordered to its north and east by the ever-so-establishment suburbs of Toorak, South Yarra and Armadale, and on its south by the more edgy St Kilda and St Kilda East locales, Prahran delivers an attractive mix of the contemporary and the customary. No better is this illustrated than in its shopping strips...

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Richard Wakelin's 2013 outlook: a year of modest recovery

Richard Wakelin's 2013 outlook: a year of modest recovery

2013 is shaping up to be a year of modest but sustainable recovery, according to Richard Wakelin, director of Wakelin Property Advisory. “2012 was the year when the residential property market oil tanker executed a slow motion change of course. Losses decelerated in the early months of the year, we drifted sideways in the middle months, and we’re now seeing prices creeping forward...

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Time ASIC eyed government's role in pushing dodgy property to unwary

Time ASIC eyed government's role in pushing dodgy property to unwary

See Monique's column in The Australian. No doubt there will be some push back from the promotors and they'll emphasise how good Defence Housing and the National Affordability Rental Scheme are. But despite their protestations, do these type of properties pass the smell test which is, can you expect strong, consistent capital growth? The answer of course is no.

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