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Even with rising prices, aren't valuers still a very conservative lot, so any potential revaluations may not come up to what you're expecting?

hence why we are landbanking in Carlton. That will be the first suburb to experience any sort of townplanning changes.

yep. the 'great australian dream' is something made up by real estate agents. but that's beneficial to people here because everyone has a vested interest (somersoft posters, baby-boomers, politicians, governments, agents) in properties going up in value.

yeah but people don't really like renting. obviously most people would prefer to a) live in a nice place and b) make money from that place as well. Who likes dealing with landlords?

You said it Deltaberry. Low price does not equal low risk. What does this mean for those somersoft people who can't afford a house/townhouse in the richer areas? It probably means they have to save harder, find a better job and/or get help from parents/friends.

while you might not be able to get a 2 bedroom unit for that price, if you include rental income you can afford to pay a little bit more.

for that kinda budget I'd be more inclined to buy a 2 bedroom apartment in the inner-city. Why? Because I can get decent rental from them, it's scarcer than the legions of 1 bedroom apartments, and the capital growth should be OK.

for under $350k you're kinda limited. If you want to get into the market buy in an area where you can afford, which would probably have to be something quite outer east near lilydale etc.

you don't want crystal balls? Then I can't help you there - no one can.