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That's fair but the influx of people will be skilled workers due to Australia's lack thereof, I believe. It is my belief that inner city may bust but "suburbia" will continue to flourish as the population continues to move further out as housing becomes scarcer and scarcer closer to the city...

I'm new to the game but aren't people getting a little hysterical? With the projected population growth for Melbourne wouldn't it mean house prices would continue to soar (perhaps not at the same levels) as there is more competition for housing? Am I looking at this the wrong way? I am more...