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The media property price in Greensborough for the March 2010 quarter was close to the state average, at $516,000 vs $524,ooo, according to recent results from the Real Estate Institute of Victoria (REIV).
Loan Market Greensborough mortgage broker, Peter Armstrong, said the property prices are an indication of the strength of the suburb, but that increases should not scare potential buyers awy.
"Home buyers, particularly first home buyers, are often looking for a bargain property, and feel that a suburb with prices close to the state average might not offer that," said Peter.
"But the truth is, it's not about the ...
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Categories: Mortgage Brokers. Tags: Greensborough, Loan Market, media property price, Mortgage Broker, Peter Armstrong, Refinancing, REIV.
The number of properties currently scheduled for sale is more akin to the Spring selling season than Winter, according to the REIV, a situation that provides excellent property purchase opportunities for astute investors, first home buyers and upgraders alike.
A recent report suggests that there will be around 50 per cent more than usual properties for sale at auction over the coming month.
Loan Market Hillside mortgage broker, Beti Butrakoska, says that such a situation could be a good opportunity for investors and first home buyers to get out there in the market and find a good property to buy.
"Even with ...
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Categories: Mortgage Brokers. Tags: Auction, Beti Butrakoska, First Home Buyers, Hillside, Investors, Loan Market, Melbourne, Mortgage Broker, Properties, REIV.