Melbourne and Victoria is arguably Australia’s most under-rated property market. It has experienced largely buoyant conditions over the past five years but did not have the stellar price rises of other cities - until the strong bout of buying activity, particularly in the inner-city suburbs, in the first half of 2010.
Melbourne still has a median house price lower than Sydney's and Darwin's, despite having one of the nation’s most solid economies and consistent population growth boosted by overseas migration. Melbourne and Victoria are well-placed to benefit in coming years. Regional areas of the state present particular opportunities.
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