All Topics / General Property / Melbourne to BANG or BUST?

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  • Profile photo of HookhamCHookhamC
    Member
    @hookhamc
    Join Date: 2007
    Post Count: 83

    Interested in everyones ideas!
    Is Melbourne set to boom, bust or do nothing?

    [cigar][cigar][cigar]

    Profile photo of salacioussalacious
    Member
    @salacious
    Join Date: 2003
    Post Count: 373

    Hello Hookamc,

    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]

    Profile photo of L.A AussieL.A Aussie
    Member
    @l.a-aussie
    Join Date: 2006
    Post 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.

    Cheers,
    Marc.
    [email protected]

    “we get sent lemons; it’s up to us to make lemonade”

    Profile photo of HookhamCHookhamC
    Member
    @hookhamc
    Join Date: 2007
    Post Count: 83

    Thanks for the posts![cigar][cigar]

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