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Article: WA investors 'pay more for Melbourne property'.
- Article from:
- Australasian Business Intelligence
- Article date:
- February 12, 2008
CopyrightCOPYRIGHT 2008 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Cathy Saunders
Feb 12, 2008 (The West Australian - ABIX via COMTEX) -- Monique Wakelin of Wakelin Property Advisory says people with new wealth can feel pressured to invest and can make uninformed decisions. Western Australians with wealth from the resources boom are frequently paying $A10,000 to $A30,000 more than people from Victoria for identical apartments in major developments in Melbourne. Wakelin said property developers and promoters detect this sense of urgency in potential buyers, who often misconstrue sales talk as ...
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