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Haha...are we done here :) I thought this thread is for "Melbourne Outer Suburbs - Waiting For The Ripple..." Whatever your strategy is...good luck addbe in building a $100 million empire :) I am sure you will definitely reach your goal as you seems really focused

I guess the median prices of NarrenWarren, Berwick and other sorrounding suburbs are so low due to the fact that there is more land selling as compared the the established houses and i think that land value being in the range of 150 - 200 drops the median house value to below 300....Just a...

Thats true. Huge farms...excellent views :)

API Oct. 2007: Median House Price: 255 API Nov. 2007: Median Unit Price: 225

So does it means that Berwick may see more growth as compared to the neighbouring suburbs...growth more than 9% (as per the trend)?

There is still plenty of land available in these suburbs and also new land gets released every now and then. The prices has gone up since 2006 (when we bought the land in Berwick) and i have seen the growth of approx 9% in Berwick last year which is a normal trend for the last 10 years.

Hi ffc1883_1996. Thanks for the update.

Is the RIPPLE likely to hit outer SE suburbs of Melbourne in the near future?