It baffles me peoples thinking that all property in vic is overpriced. inner city melbourne is over prices yes. We will and have seen falls in fact in the hearldsun on the weekend it had the suburbs that where up and the suburbs that where down. The down suburbs was like the who's who of melbourne suburbs, South yarra toorak, brighton. All the suburbs that where up where glenroy and dandenong.
Those who are suggesting a ponzi scheme type setup for property in AUS arn't looking at the big picture. I just brought a block of land with ocean views for 120k in Vic country half an hour drive from sale.
