Petals Posted January 16, 2014 Share Posted January 16, 2014 http://www.theage.com.au/victoria/buyers-beware-market-swing-means-its-now-cheaper-to-rent-in-melbourne-20140116-30xrt.html As a lot of people are asking about rentals in Melbourne thought this article might be of interest from the Age today. I know there have been articles about a glut of apartments/units around. Link to comment Share on other sites More sharing options...
movingtoaussieland Posted January 16, 2014 Share Posted January 16, 2014 Very interesting, thanks Petals! :-) Link to comment Share on other sites More sharing options...
wolvesaussie Posted January 16, 2014 Share Posted January 16, 2014 Our new rental was purchased by landlord in early 2013 for 695, 000 . We pay 425 a weel rent. As we are starting out couple with nothing to sell we have no deposit. It would cost a lot lot more for us to service mortgage on 650000 Link to comment Share on other sites More sharing options...
starlight7 Posted January 17, 2014 Share Posted January 17, 2014 It is good to know that- I think there would be a few other areas like that , too. I'm thinking Boronia, Bayswater, The Basin etc and parts of Croydon- they don't much deal with 'The Age' and their property pages are probably outside the loop so to speak. Funny there seems to be a cut off where properties are not auctioned but sold as per normal. Round about Mitcham . Not many auctions further out and if they have them no one buys. Link to comment Share on other sites More sharing options...
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