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Yep up 6% from bottom of market already and by the time many accept prices are heading up it will be too late! (with the obvious exception of CBD high rise and outer housing estates)

Wasn't Melbourne's 2007 and 2009-2010 booms much less than those of other states (Syd/Perth ect) before their longer periods of stagnation? Has anyone considered that maybe Melbourne was just playing catchup?

Haha was just logging on to post this too!

Fair enough unemployment is the biggest risk so we'll have to see where that heads. Last I heard it jumped from 5.6 to 6.1. But I'm still hopeful and almost 3% for the year so far. Next 3-6 months will be telling!

I suspect the very low interest rates now beginning to flow through are the game changer in the short term, thus affordability is better than it has been in over a decade. Jan01-Dec31'st prediction (admit could be way off) = approx 10% growth (Disclaimer - I've also tipped the pies to win...

Was referring to RP data's stats! http://www.rpdata.com/research/daily_indices.html http://www.rpdata.com/research/back_series.html

Agreed, but if the next 3 months continues like that last then we will have to call it a trend!

Dunno about the rest of Victoria, but Melbourne's property prices are starting to heat up regardless. Over 3% for the last quarter and rising fast!