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Hi Chris, Yes, I would agree. North Melbourne is becoming very hard to buy into for a reasonable price. Lots of people are inspecting these properties, and paying a high price for them. Your comments about Altona and Williamstown are interesting - especially the numbers of people...

Hi Chris, Have you got any specific details on Nth Melbourne as its a suburb I am particularly interested in. I have 2 Ip's there and want to buy one more. Regards Jason.

Hi L.AAusie, Yes, I did approach your initial post from an investment perspective. You are right - not everyone is into shares in a big way and mum and dad buyers couldn't afford to keep pushing prices up. Frankston is interesting at the moment isn't! Will be interesting to see if there...

Hi Les, Yes, it would seem rates have risen more than marginally over the past two years if the average mortgage rate is taken into consideration. My rents in inner Melbourne have risen between 15 and 20% this year. I can give an example of one of my IP's. TownHouse in Nth Melbourne...

Yes, the boom in Melbourne certainly ended 3 years ago. Since then wages haven't increased much (if at all), and interest rates have risen, albeit marginally. Don't forget though we have had a massive rise in the Share market, bought on in part (or significantly so) by the Resources boom...

IMHO You're not early landlubber. Get in now while you can - especially in the inner 10km. I wanted to bid on a property in Nth Melb in an auction that was sposed to be held in two weeks. Received a call today to say the property had been sold. - $150,000 above the quoted price!!!! (37%...