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I think there may be more to the story here. Don't forget that over the next 10 years the population of a large Australian city will grow - in the exmaple of Melbourne it will grow by a lot, perhaps a million or more. This means a lot more people living in Melbourne, meaning that nice inner...

Completely disagree. There are places all over Australia, regional and metro, that would have delivered these kind of gains over the past few years.

Think of it this way: you know the market has been, and continues to, head upward. If you're ready to buy, then buy. I have friends who years ago told me they weren't buying because they were "waiting for the market to drop". They ended up buying a PPOR very similar to mine, for just under...