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Education is actually Melbourne's biggest export sector now. Take a stroll in the CBD at 9pm on Friday night and you'll see Brisbane is 10 years behind. I probably spend most of my time between Perth, Brisbane and Melb (occassionally Sydney) and the gap is quite big.

Blue chip inner east and inner city is cheap compared to Box Hill and Glen Waverley. West is very cheap, but that's where the unemployment is.

Agreed, if you weren't invested in Sydney you missed out. But pretty naive to say not much happenning in Melbourne. And same with Brisbane - still lots of coal mines operating and LNG facilities opening. The question is, when these miners make their money, do they go back to Brisbane or to...

Hmm so-so. They also operate at the $500k end, otherwise these apartments wouldn't be selling so quickly.

I think the Melbourne-Sydney gap is too wide at the moment. One will give, most likely a flatlining in Sydney and a real boom in Melbourne. Brisbane would be a few years later. Main problem with Brisbane is, people don't understand the new market dynamics. It's no longer driven by traditional...