Know Your Rights as a Victim of Underquoting

Morrell and Koren director Christopher Koren has again called on home buyers to report cases of underquoting to the Department of Justice if the practice is to be stopped. He said that in the two years since underquoting legislation amendments, only a handful of consumers have made claims.

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City Shift as Provincial Victorians Buy Melbourne “Holiday House”

We’ve all heard about the sea changers – the growing number of Melburnians packing up their homes and heading to a new life in the coast or country.

Singles, couples and families are leaving in droves – trading in the city’s caffeine infused impersonal lifestyle for something more inspiring.

But while the sea-changers pack up their four-wheel-drives in search of a new home outside of the metropolitan area, they are passing a growing number of city shifters – those from provincial Victoria that are also looking for a change of scenery, and are setting up tent right in the heart of the city.

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Performance of Melbourne’s Western Suburbs This Spring

THE market leading pace with which some western suburbs started the year, seems to have hit a snag, with the top ten suburbs recording relatively lower levels of growth than the other regions. Only nine of 22 eligible western suburbs recorded median house price increases over the metropolitan average of 4.2 per cent.

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What Half a Million Buys You in the City, Coast and Country

It’s a magic number, really.

Tell a real estate agent that you have $500,000 to spend, and they should be able to find you a house in any part of Victoria – Hawthorn to Hamilton.

We tell you what bang for your buck you get in the city, coast and country.

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Google and Accenture Fully Lease workplace6 Office Building in Sydney

GPT today announced that the Group had successfully fully leased all the office space at the Group’s workplace6 development, NSW’s first 6 star Green Star building, well ahead of initial expectations. Internet company Google, and global management consulting company, Accenture have agreed to lease the office space at workplace6, an 18,000 sqm waterfront office complex developed by the GPT Group in conjunction with Citta Property Group.

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Village Roadshow Tipped to Buy MFS Portfolio for $200m

Beleaguered property developer MFS Living and Leisure group is expected to quietly sell the Melbourne Aquarium in Flinders Street, as well as aquariums on the Sunshine Coast, Bangkok, Shanghai and Busan, as it struggles to boost its balance sheet and survive a fallout from its parent company, MFS Limited.

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Portfolio Weighting Survey Now Available

The Property Council of Australia Portfolio Weighting Survey is a six monthly survey of institutional property funds, which looks at trends in the institutional ownership by sector and geographic region.

The survey tracks the following investments: CBD Office, Non CBD Office, Retail, Industrial, Agriculture, Residential, Listed Property Trusts, International Property, Cash and **Other (including investments in development site, car parks, petrol stations, or units in unlisted trusts).

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