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I think there has been a zillion posts on Southbank and Docklands, the message is clear, it's a no go.... So anyone contemplating these areas needs to see a shrink, sorry mine is booked out Ok, let's focus on the areas that are rising in Melb Mtr

Eight new threads on Melb and its only Tuesday:)

Nasty..... Did you secure some propery deals in Melb this w/end:D

Seven active threads on Melbourne now and counting, move over Syd:) Mtr

Nice to cash up I did that in Perth recently

Right, let's see how many new threads on Melb start popping up, problem is everyone will be fighting for the same property. Perhaps those looking should start focussing on areas that will catch up, ie north as you mentioned, west already on the move, east going gangbusters

Yikes. I think the market switched from Syd to Melb a few months ago, market spike, trending up, nice:)

Have you considered organising plans and permits, potentially could make more money depending on how many you can get on the site etc? I am currently doing this on a recent purchase in Melb, am hoping to submit plans and permits for 5 townhouses. I see this as low risk if there is demand and...

Happy hunting. You will be fighting with every man and his dog trying to source the same. Its hell out there.

Yes, I agree, especially if you know the market has been running hot for a while, reduces the risk and just move on to another rising market using profits etc. I had this option with Spearwood, and it was borderline for me, even my accountant made the comment "take the money and run"...

If you purchased well ie early start of the cycle would you be better off developing the site?? Though, sometimes its nice to take the money and run in a hot market. Have you checked out end values, your profit after tax etc? Interesting times in Melb and Syd... hot, hot, hot, throw a...

This is already happening in Perth. South West has not recovered and Mandurah still flat/over supply. Only lower entry levels moving.

That makes sense buy in his US fund, he is making a killing on those fees he is charging. Though I must admit US is in recovery, but still would not touch his fund, no control Interesting, had a conversation today with an investor, same thoughts, unemployment increasing, people will not be...

Melbourne has been flying under the radar, some of the Melb posters have vanished, and I think why we are not getting too much news about this market;) East is hot, hot, hot and development sites are hot, hot, hot:)

Yes its deve sites that are in demand, I purchased a development site in Willagee last year, zoning has been confirmed December 2015. Have not been following Forrestfield, White Gum Valley, I think Government has been offloading land in this area.

Can you please provide an update on the seminar and what he had to say, if you don't mind sharing, keen on this:) Thanks

Where is the undersupply? Just curious. Not seriously looking at the moment. My thinking is perhaps areas like Scarborough?? but it will be a certain product which is in short supply/unique and high demand, ie R40 development site. Perhaps Doubleview, once again sort after location, deve...

That is good you offloaded some of your Perth properties, I have also sold 2 projects but not going back to Perth market. Will be buying/developing further in Melb. My gut tells me there may be some bargains in Perth but I prefer to play in a rising market. MTR:)

This article on Perth property market is very interesting. http://www.watoday.com.au/wa-news/perth-property-prices-likely-to-drop-as-sales-listings-jump-by-50-per-cent-20150227-13qph6.html After GFC 2008 there were 15,000 properties on the market. I also think sellers need to keep it real...

Depends where you are buying? I think I would waiting another 6 months at least before jumping in, perhaps will be closer to 6 by then IMO MTR:)