Melbourne Property Prices To Drop Further in 2012?

I happened to read an interesting and informative article in Bloomberg titled Melbourne Hasn't Seen Worst of Housing Drop As Glut Builds by Nichola Saminather and thought I share it with you guys.

Below are some of the points mentioned in the article above:

Home prices inflated more than 100% between 2002 and 2010 but has been heading south since then.

It seems that Melbourne property prices have fallen the most compared to other cities in Australia (for year end June 2012 - Australia financial year end).  

Population growth slowed for three (3) consecutive years (2009 to 2011).

Melbourne city homes relative to income are the most unaffordable after Hong Kong, Vancouver and Sydney.  

Melbourne Clean Affordable Hotel Accommodation Single Person or Family of Four

My eldest son and I flew into Melbourne, Victoria, Australia sometime in the 2nd week of May 2012. However, my son had to leave for the United States after a few days stay as he had to report for his summer internship job. It was winter time in Australia and summer in USA. The rest of my family (my wife and 3 kids) would only join me in the early part of June 2012. So, I was alone in cold and sometimes rainy Melbourne for about 10 days.
 

Before I flew into Melbourne, I checked agoda.com for hotel prices and it would cost me a small fortune staying in a typical 3 star hotel for about 3 weeks. What I noted was that there were boarding type hotels where several people would share a room making the cost for a night pretty cheap.

Melbourne Aquarium - An Experience Not To Be Missed

 

In my article titled Melbourne Central Business District - Getting Around, I mentioned the locations of Melbourne Tourist Centres where you can obtain free maps and also seek directions to your destination. And there is one attraction that every visitor to Melbourne should visit, i.e. Melbourne Aquarium, located in Melbourne CBD itself at the junction of Flinders Street and King Street.

Below is a photo of the Melbourne Aquarium taken from SouthBank.

And from inside the Melbourne Aquarium you do get a good view of Southgate and Southbank.

Melbourne Coffee and Food is Freaking Good

I was in Melbourne for close to 3 weeks and had the opportunity to savour what Melbourne has to offer in terms of food. Well, I am pleased to inform you that you won't have any problems finding the right food because Melbourne offers you all kinds of great tasting food from all over the world.

If you need to put on weight, Melbourne is the place to be :) I definitely put on a few pounds while I was in Melbourne. I tell you, the coffee in Melbourne is really good; I guess this is because the milk there is fresh. And below is how coffee is served in Melbourne :)

Coffee serve at St Ali South Melbourne

The first place I dined in upon reaching Melbourne was at Stalactites, a Greek restaurant. I ordered the chicken souvlaki wrap with pita bread and the serving was huge for my standards. I asked for a knife and cut it into half and shared it with my cousin. My son on the other hand could finish one by himself. Anyway, the food tasted not too bad.

Melbourne Central Business District Australia - Getting Around

An article by GenX published 

at Melbourne Victoria Australia www.melbournevicaustralia.blogspot.com

Please do not reprint or republish in part or in any form.

Good day mate, in this post I will be listing out what I think you will need to get around Melbourne Central Business District (CBD).

Upon arriving at Melbourne airport, you can take a taxi to your hotel at Melbourne Central Business District for about AUD60. And if you are traveling in a party of more than 4 people, not a problem as there are taxi vans too, and it would be much cheaper than taking 2 taxis.

The first thing is to get a map upon arrival.You can get one at your hotel or at information centres. You can get a free tourist booklet shown below which comes with a map of Melbourne CBD.