Dunno anything about Melbourne auctions, but I do know that Melbourne property is due for some growth

After much research and learning lots from watching the mechanics of a boom, I've just purchased my first property outside Perth and guess where I bought? Melbourne (down the Mornington Peninsula in Rosebud).

Having seen cashed up people's obsession with coastal living here in the West, I think Frankston, Mt Martha, Dromana, Rye and Rosebud etc.. show outstanding value. Heck – even Portsea is cheaper than a "new homebuyers" near coastal suburb 50ks from Perth.

The agent I bought through told me a group of investors from Perth flew over last week and bought 10 properties on the Peninsula, so I'm obviously not the only one seeing this value.

Mark