I 100% agree with fatboy i'm an investor from canberra i own 3 properties in canberra and 1 in nsw i went to morwell 2 weeks a go as its an area i've been studying for about 3 months i was amazed at how strongly positive cash flow property was there so impressed that i bought 3 properties with my brother it has cost us $348,000 total for all 3 properties and combined rent of $500 with long term tennants 2 of which wanted to extend for  a further 2 years which means that even if  we borrowed 100% plus property management fees and rates etc we will still make $260 each per year.  But the main reason i purchased there is because it is listed as a real boom area with a lot of infastructure coming to the area and the new road links to Melbourne its an easy hour and 15mins drive along the highway on the new stretch of road.  Housing is very affordable and not only is it a boom area but the property pays for itself without contributing a cent.  I love property and research it everyday and from the research i've done there is no better place in australia to invest.  My favourite saying is BE GREEDY WHEN PEOPLE ARE FEARFULL AND FEARFULL WHEN PEOPLE ARE GREEDY as we seem to be a country of followers not leaders don't miss the boat cause when everyone starts jumping on board your returns won't be as strong as you will have more competition which pushes prices up which pushes interest rates up etc there is no better time than now to invest in property.