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  • Profile photo of new2investnew2invest
    Participant
    @new2invest
    Join Date: 2010
    Post Count: 38
    July 23, 2011 - 9:27 am

    Found this in the Paper this morning.
    http://data.id.com.au/idforecasts/

    Melbourne Growth Suburbs.

    Thought I post it here ^_^

    Profile photo of luke86luke86
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    @luke86
    Join Date: 2010
    Post Count: 470
    July 23, 2011 - 10:46 am

    You really should treat these statistics with a grain of salt. Just because a suburb grows from a small population base to a slightly higher (but still small and low density) population doesn't automatically mean it is the place to buy and is the next boom suburb.

    Cheers,
    Luke

    Profile photo of Scott No MatesScott No Mates
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    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856
    July 24, 2011 - 12:20 am

    Likewise, if there has been a lot of investment in building new housing then the median price is reflecting investment not capital growth.

    Profile photo of luke86luke86
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    @luke86
    Join Date: 2010
    Post Count: 470
    July 24, 2011 - 4:08 am

    Good point SNM.

    Profile photo of Mick CMick C
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    @shape
    Join Date: 2010
    Post Count: 1,099
    July 24, 2011 - 8:42 am

    Also who are these ppl? and HOW do they “predict” these changes. need to know their method and data source to make a judgement.

    Regards
    Michael

    Mick C | Shape Home Loans
    http://www.shapehomeloans.com.au/
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