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Not that related, but here's an inner city "blank canvas" I saw today :eek:: http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=105942060&f=40&p=10&t=res&ty=&fmt=&header=&cc=&c=483860&s=vic&snf=ras&tm=1257639728

I don't think it's a great time to buy inner city property anymore. Too much competition. More of a seller's market now. Look further out, middle to outer suburbs. The property market in Melbourne is moving very quickly. I don't think prices will fall anytime soon (so get that idea out of your...