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There's an opportunity to buy apartments and houses in Melbourne for significantly less than what one would expect to pay in Sydney," he said. Evolve is now pitching its new Botanic project in Coventry Street, South Melbourne to Sydney investors. One-bedroom apartment prices start at around $425,000 and two-bedders at $655,000. Colliers residential sales agent Tim Storey said there are two key drivers behind the shift to Melbourne. "Sydneysiders look to Melbourne because of two things. Firstly, the position. Sydney buyers would be paying at least 2.5 times minimum for a comparative product," Mr Storey said. "Secondly, we are finding the typical return for a one bedroom in Sydney is very similar in price per week rent but 2.5 times the price paid. Yields are drastically lower in Sydney," he said. Growland chief executive Ronald Chan said regulatory changes have also put off foreign buyers and his group is starting to focus on the owner-occupier market.Some Background Guidelines On Swift Products In Mortgage Broker Melbourne