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Ok, onwards and upwards in Melbourne :) Me too :)

Are the demand factors still strong? I know we see it in the media all the time "record levels of immigration" etc, but the vacancy rates are shown to be increasing.. I can only comment re Melbourne from the said graph, but in Brisbane I've noticed that a year ago (for my ips) vacancy rates were...

Sorry, just updated it for Melbourne.. have a look at Perth too.. I'm just commenting that the news article is old news.. Yes rents exploded over the past year or so, but I don't think they'll continue to rise by much imo.

Tuppence, the article is highlighting the increase in rent from 08 to 09.. not necessarily rising at the moment.. have you noticed the increase in vacancy rates for each city on http://www.sqmresearch.com.au/graphs/graph_vacancy.php?region=vic%3A%3AMelbourne&type=c&t=1