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Thanks for the feedback. Kaf, the main reasons why I'm looking at investing outside of Syd are to minimise my land tax bill, spread my market risks and I feel that both Mel and Bne offer better returns in the short-medium term. As with Lynn, I also feel that Mel's further into the boom...

Hi, First time poster. Just wanted to say a quick thank you for all your insightful posts. This is such an awesome site! I'm in a position to buy IP4 (currently own 3 IPs in Syd) and I'm torn between Melbourne and Brisbane. I have a budget of $400-450k and my preference is for a...