Australian Property News

Melbourne expected to stay strong

Posted on Tuesday, February 09 2010 at 9:59 AM

Melbourne has been credited with leading the next property boom and the market is expected to stay strong for some time.

Monique Wakelin of Wakelin Property Advisory believes Melbourne has very strong prospects in the next year to 18 months.

"It has a very diverse economic base and it's not as reactive to the economic ups and downs as Sydney," she says.

In addition, she says it's a bigger centre in terms of both population and economic output than other capitals, like Brisbane.

"At the moment it's a really nice, sweet spot," she says.