We were kidding about hyping Docklands..When I saw the heading " Melbourne to run more " I thought is was going to be an Aussie rules post ...
BTW , how has docklands gone ? Have prices moved up despite the negative hype or is the extent of oversupply able to keep it flat when most places are moving ?
So not much change at all ?We were kidding about hyping Docklands..
Docklands and southbank have barely moved despite the rest of Melbourne moving. The supply in those areas has all but killed them. It will take 5+ years at the minimum for the excess supply to he absorbed and price growth to return to these areas. By that time, even struggle st. mt druitt would have done more cg.
Not a bad place yo live, in my opinion... But a horrible place to invest.So not much change at all ?
We've stayed at docklands when we've been to Melbourne and it came across as a nice convenient place . Out side the supply issues , some where in Sydney , that close to the city would be significantly more expensive ...
I don't even find Docklands convenient. You still have to catch a tram in, because I don't consider 1.5-2k's to the middle of the CBD a comfortable walk when I'm just there for a short weekend trip. I always stay in the CBD.We've stayed at docklands when we've been to Melbourne and it came across as a nice convenient place .
Quite a bit really, Syd Median $920K?.... Melb $660K, massive gap, give it 6-12 months that gap will shrink somewhat Here's hopingBeen a while I opened this part of the forum and 8 of the first 10 threads are about Melbourne. Looks like it's doing a catch-up to Sydney. High vs Higher
Agree!MTR, wouldn't be surprised if the median price in Melb has already past $700k this quarter. How does say $730k and $970k compare? Does that change your perspective?