Which capital city?

[doozer]

Acknowledging that there are markets within markets what are peoples thoughts about which is the best capital city in Australia to invest in at the moment?

 

[Propertunity]

It has to be Sydney or Melbourne at this point.

 

[redwing]

It has to be Sydney or Melbourne at this point.

I don' own property in Melbourne...let's make it Sydney

 

[kero]

i don;t own property in Sydney, so i say Melbourne

 

[Ausprop]

Perth has bottomed so that would make sense to me, but no one east of Salmon Gums will believe it.

 

[Wolfgang]

Melbourne, Melbourne, Melbourne.
John Edwards in his Residex report today says:
Overall, our view is that Melbourne is the "hot market" offering best forward growth rates and well positioned affordable units and so that market presents good long term investment returns.