i think Melb prices will keep falling (apart from the premium end of the market)....as Australia is re-balanced with two international cities, one in the east ie: Sydney and one in the west ie: Perth, people will follow employment and opportunity....Melb and Sydney have long been recognised as the major Australian cities however, Sydney will keep its standing and Perth will fill the void left by Melbourne, purely based on its locational attributes. The number of international companies that are now nominating a Sydney and Perth office is growing, as the need to have a head office in Syd and Melb is inefficient....The Sydney and particularly Perth markets will continue to benefit from population growth....goodnight Melbourne, your local economy might be on the downward trend, not a great place to start buying property atm...IMO.
ps: Melbourne will always be the home of footy....
