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So is Sunshine & Footscray...and it still had good growth! :D The ripple is heading out to Werribee...the last stop before it rolls onto Geelong.;)

Investwest Yes, Hoppers and Werribee are now moving. But alot of people are still skeptical....with interest rates people are expecting things to slow down. I think the opposite will happen in these suburbs due to affordability. I guess time will tell....:)

I remember reading 71K net migration just Melbourne. I believe that 41K is just in immigration. The remaining is from people moving within Victoria and other states. This represents almost 2% growth...which is considered very good. I can personally attest to Land in the Western...

Goanna The number for people like the property people was based on reading places like API and other articles. They are the ones I like to model myself on. 1 million in capital growth....very good! Congratulations.;)

GoAnna Inner city is not better than Outer suburbs and vice versa. It is much easier to build a property portfolio due to cashflow and serviceability. I tend to agee with Harris....inner city propery does do well but over all the rates of growth change. Bare in mind some suburbs change a...

Retire Early, There is no right or wrong...do what floats your boat!:) I certainly do. If you have 5 properties in the blue ribbon suburbs....I am presuming housing...I think you are set! If we assume 800K house that is 4 million in assets...if so well done! The point, I think people...

JIT Have you not heard stats, stats, damn lies...lol...lol!!! :D Just kidding......on a serious note there are sub markets in Melton. The stuff that is moving well is the older stuff....this is being driven by the price of land. Land early last year was 75K....now your are paying 90K...

Harris, Ditto! You are correct based on the stats I have viewed about Melbourne there is not evidence of widespread defaults...it is a different case in the Western Suburbs of Sydney. Additionally the Melbourne economy is much stronger than Sydney...though Sydney is picking up speed. I...

Harris, Ditto! You are correct based on the stats I have viewed about Melbourne there is not evidence of widespread defaults...it is a different case in the Western Suburbs of Sydney. Additionally the Melbourne economy is much stronger than Sydney...though Sydney is picking up speed. I...

Retire Early, pi2012 First of all in response to Retire Early...I agree certain pockets of Western Sydney have had repossesions and negative equity. In some areas the prices have come off 20%-30% off the 2003 highs. This is due to the extent that Western Sydney boomed.......for example in...

Ben, Read the Spiderman post....mate what a pearler....but sooo true! I have talked to a few BA's and most, not all, rubbish the outer areas. They are leaving themselves in a difficult position in the future as the inner city cools due to high prices...the middle and outer suburbs are...

David Mc Interesting ahead indeed! Buyers agents tend to work mostly in the more expensive suburbs as they charge 1-2% of the purchase price....thus they naturally focus on net gain! As someone said on this forum...the best person to work on your behalf is probably yourself. Even if...

David, I just picked up the API magazine and there is guy with a similar name and portfolio to you, I am presuming that this is you? If so well done! Carrum Downs is moving quickly. Berrick and Narre Warren as expected to move quickly due to the lack of land...people are now moving to...

David Mc The boom maybe around you without you realising it...... The outer suburbs have started moving and will move solidly for the next 18 months as the inner suburbs have done. Once the median hits 500K in Melbourne then things will slow down. Since the outer suburbs of Melbourne are...

Soory to post again in quick succession......but had to get this one out..... Look back to 1996-1997 where interest rates went from I believe high sixes to 8.5% quickly. Then they fell quickly back to mod sixes which then started the Sydney boom in the late nineties. I see a similar...

Ditto Harris. Dis, whilst interest rates are high at the moment...my feeling is that they will be on the downward cycle soon, perhaps as soon as late this year. There are already indication that China is feeling some of the US issues. I feel that the reserve may hold off on interest...

I was reading this post and thought I would offer my thoughts.... I tend to agree with Harris....if you look at th fundamentals and past history. Melbourne is experiencing a classic property cycle....the boom started in the inner surburbs and is now filtering out to the middle surburbs. This...