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No. I don't think Melbourne is booming. Only parts of it. It's a little wierd but inner and bayside suburbs have show substantial growth in the last 12 months. It's confusing. I saw a post not long back with the economic clock that stated boom conditions represent capital appreciation of...

Buying well doesn't necessarily mean buying cheap. It's fine if you can do it but in the current market I would think only the experienced at research, negotiation etc would have a hope of doing it. You might miss out on a lot of growth waiting for a bargain as apposed to paying market value...