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The people making money from selling Melbourne apartments are: 1. Prime landowners (with an influx of developers/hotel groups, CBD land prices are so hot that the alleged "Wolf of Collins St" told a gathering the other day there are no land available and foreign listed developers can't get...

Ah true that's a good point. They're good performing suburbs so not garbage from an investment perspective. I should qualify garbage as being overvalued, due to these suburbs being: - far from key social infrastructure and employment opportunities (CBD, MCG, universities, key hospitals) -...

Hawthorn is an absolute bargain, compared to garbage like Glen Waverley, Burwood, you name it.

Either some of us made a lot of money today, or this guy is going to lose a lot of money. But nothing to fear since it's probably the people's money anyway that he's losing.

1-bedder apartment in CBD which will fall 10% in value within 4 years.

Yes, it's probably an extreme example. 3.1% is probably high for a top 10 suburb in Australia.

What are these 3% yield places people are talking about? Mansions?

At 90% gearing, 5% growth translate to around 50% return, on top of rent. If you are getting 50% on your capital in shares every year for 6 years, you'll be on track to be a sizeable hedge fund in Australia.