vic govt desperate to prop up land values, page-13

Well Jellin that question about where are the gains coming from is a valid question. Here is my view. The days of every crap suburb and town rising double digits is gone for the near future. Choosing a place to live is different to investing. I talk from a pure investing side. Perth is in the middle of a boom the likes of which most cannot fathom, like wise coal and gas in Qld. Growth will come from shortage of houses and migration. The trick is to buy before the place hits the headlines and sell when the dumb masses are queing up. In the next 3 years people will make big money in Perth and Geraldton. I could not care less about the rest of the place. But others will make big money elsewhere.