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if thats in metro decent "blue chip" areas in Sydney thats more respectable and much better than here and more compelling. I guess thats the nature of property - a statement may be a lot more applicable in Sydney than in Melbourne - and you often only see your own back yard. While I've got...

I know nothing about your market - but in Melbourne I still cannot believe how low rents are, and how prices can increase until rents catch up. Especially given these "shortages" you are referring to. You're now talking minimum $450k + costs for barely $350pw rent gross before expenses on the...

Thats gotta come first before we can see any big price increases (at least in the Melbourne classes!!)

Sorry mate, I'm really not seeing it. In an environment of rising base rates (and likely interest margins as well) and coming off big growth in recent times I reckon best we can hope for is a few years of flat prices to inflation + a few % growth. What I dont see is the "mother of all...