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Within the 12 months to March, Geelong house values have elevated 15.8% to A$720,000 (US$534,240) while condo values have risen 12.2% for the same interval, according to the CoreLogic Quarterly Regional Market Replace. Mortgage-backed securities and bonds tied into these riskier coastal actual property mortgages shall be liable to dropping worth. Real estate developers and traders as properly are prone to shedding cash invested in properties that grow to be chronically flooded.