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APARTMENT PRICE REMAIN STABLE

By Victor J Nicholas November 7th 2008 Considering the economic doom and gloom that has been the focus of the media over recent months, it is perhaps surprising to some that an REIV analysis of the property market over the recent September quarter reveals that units and apartments have experienced less volatility in median prices than houses. 1 The rise in popularity of Melbourne apartments like this complex in the vicinity of St Kilda Road has strengthened despite global economic woes. In purely broad terms, the unit and apartment market remains in a relatively stable condition with the median price recording a minor change of -0.4 per cent, from $370,325 in the June quarter this year to $3

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40 City Road

Southbank 3006

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