Even better to go to the REIV site http://www.reiv.com.au/home/inside.asp?ID=865&nav1=652&nav2=865 and read the data there.
You can get breakdowns (for free) of each suburb, the demographics (average age, average income etc) for each suburb and graphs plotting each suburbs price moves over 5 years.
These are good times for investors, consolodation, media scaring people, uncertainty rife throughout all sectors.
If you can't pick up bargains in this climate you certainly won't when the surge begins in about 6-9 months.
I doubt that the Vic state government will lower stamp duties, it is a great cash cow for them. Sure, if they were having trouble attracting people to Melbourne then they would react but the flood of humanity to Melbourne continues unabated.
If the commodities boom was to lower labour requirements in WA, SA, QLD and NT a lot of Melbournians would come back home.
