A Tale Of Two Cities

Posted on May 1, 2007 by | 0 Comments

Fantasy and reality in Melbourne.

An article from the Jenman website.

This is a tale of two cities, both called Melbourne.

There’s the fantasy Melbourne where the Real Estate Institute of Victoria (REIV) lives – and there’s the reality Melbourne where 3.6 million other Victorians live. In the Melbourne of the REIV, real estate is booming. For the past 11 weeks, auction clearances rates have topped 70 percent every weekend. This is a lie.

REIV spokesman and dedicated defender of dodgy agents, Enzo Raimondo, reports that in his Melbourne the market is buoyant, unfazed by the interest rate rise and unaffected by the recent State Budget.

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