Thank You very much. Exactly the kind of info I have been looking for.
I'm planning to begin investing in Melbourne since the growth was so good lately, but don't want to pay marketing company's margins. Although, by Sydney's standards, prices are OK, it could be that I am overpaying.
I have accumulated enough equity on my two properties in sydney to start thinking about other things. Melbourne seems like a good idea since the growth persentage is about the same but the prices are still affordable. In sydney the prices are sky high, rental market is in pieces and good suburbs are overdeveloped up to the neck.
At the moment I'm doing a lot of research in Melbourne, but I'm essentially ready to get in.
A few of my friends are developing there. I also have a few hints here and there. Prices seem reasonable by Sydney standards, but could be high by Melbourne's and usually are. However, what I have been offered so far were properties already resold through marketing companies.