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The Wakelin Blog

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Showing results 151 to 155 of 159 results

What not to buy

What not to buy

A great piece in yesterday’s Age by Simon Johanson reveals the types of properties our big four banks are unwilling to lend against. It should be required reading for any would-be investor.  The blacklist includes: All National Rental Affordability Scheme rentals Serviced apartments Resorts Student accommodation Inner city high rise apartments Cottages on the coast west of Melbourne A Melbourne Flinders Street office building conve...

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That was the winter that was

That was the winter that was

A comparison of Melbourne auction numbers and clearance rates from the REIV for the 13 weeks of winter 2011 and winter 2010 reveals some interesting insights. Auction numbers were significantly down in winter 2011 compared to 12 months ago. There were around 480 auctions a week this winter, compared to around 590 in winter 2010, a reduction of nearly 20 per cent. Vendors also struggled to get buyers over the line come auction day (click Next Image to see chart)...

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ABC 774 Saturday mornings wiith Hilary

ABC 774 Saturday mornings wiith Hilary

Many thanks for all the insightful questions on Hilary Harper's Saturday Breakfast Show. You can hear a recording of the segment at the ABC website blog: http://tinyurl.com/3p8kejq The link also contains 5 questions property sellers should ask an estate agent before engaging them to sell their home or investment property. Photo: tungphoto

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Will international turmoil impact Australian property?

Will international turmoil impact Australian property?

Do you enjoy white knuckle rides?  I hope so, because in recent weeks we’ve all been subjected to the high-stakes brinkmanship of the US and EU debt crisis and the accompanying gyrations in Australian and international stock markets, and it has not been for the faint-hearted. Despite the Australian economy’s relatively low exposure to problems in the US and Europe, our stock market has not been spared...

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Why 3 out of 4 houses on The Block were passed in

Why 3 out of 4 houses on The Block were passed in

The Block may have been a ratings winner for Channel Nine, but with 3 out of the 4 properties auctioned at the weekend passed in, there were tough lessons for anyone thinking of buying and renovating property. Why were the results so disappointing? To begin with, by paying $3.6 million to secure four properties in a row in Richmond, Channel Nine almost certainly paid a substantial premium...

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