Yes first IP.
Not sure about the rural market, type of areas I'm looking at are Glen Waverley, Mount Waverley Caufield, Mentone, Altona - house and land, Port Melbourne, Carlton - apartments. Docklands has dropped greatly mainly due to the over supply but I think for long term it should have good results. Iam generally looking at areas within 20kms of the cbd, close to transport, schools, shopping centers etc. Staying away from high rise apartments.
Bit lost
Waiting for Ash to reply as I know his in the same boat...