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I see what you're saying Zed, but all those new build CBD apartments sitting ready to overstock the market do have me a little concerned.

Thanks for the extremely informative debate folks! :D Currently we are living in Williamstown, and very familiar with Newport/Yarraville (not so keen on Footscray, but we have been looking there due to budget restrictions and the future potential of the area...although maybe that is perceived...

Great forum! I have been reading for hours, and discovering that I know less than nothing about RE in general. :confused: I would really love some input from those in the know about the Melbourne property market. OH and I are looking to buy a PPOR in Melbourne. It will be the first time that...