- HookhamCMember@hookhamcJoin Date: 2007Post Count: 83
Interested in everyones ideas!
Is Melbourne set to boom, bust or do nothing?
[cigar][cigar][cigar]salaciousMember@salaciousJoin Date: 2003Post Count: 373
Coming from Queensland i have always thougt that melbourne was overpriced before the boom 2001 onwards. I could not understand why their was such a huge price difference. But thats when i picked up my first PI book and started buying in qld.
I have recently purchased in an outer suburb of melbourne cheaper than i could buy in brisbane at the moment. So my personal beleif is that melbourne is now underpriced. But what do i know.
Dom [biggrin]L.A AussieMember@l.a-aussieJoin Date: 2006Post Count: 1,488
you wanna see overpriced? come over here to LaLa Land!
Melb is all right Jack.
To answer the question Hook, I reckon not a lot going on this year unless you are in the top end of the market; seems to be going nicely despite the boom but of course the entry level is a killer, or look for the ugly, cheap areas where no-one used to want to live, but now have no choice due to the price rises over the last 3 years.
Middle range prices won’t do a lot this year – mr & mrs average are strapped.
Bayside is always good near the city, but again; entry level is high.
“we get sent lemons; it’s up to us to make lemonade”