someone commented property market as below

aruba

As always with real-estate it depends on location. People often point to the ultra high end of the market and claim that because it is suffering massive falls then it is a malaise that effects the entire market. In fact the prices of the very exclusive suburbs has more to do with what people are prepared to throw at the property in order to secure it, and very little to do what the land and house is actually worth. The falls in the top end means there are fewer people around with many millions to spare. Low end falls are often in areas where non-traditional lenders or rented investment properties dominate. The middle of the market will fare much better than either end. Toorak will fall and Melton is stuffed, blue chip suburbs in between will fare much better.

garyyang

a few of suburbs that i will never (even im super rich) consider to purchase for own living
  - Toorak
  - Boxhill
  - Balywn
  - City
  - Hawton
  - Camberwell
  - Canterbury
  - Springvale
  - Preston
  - Footscray

dofu

Ls, can  you explain why for us?

garyyang

my reasons,

Toorak, Hawton, Camberwell, Canterbury
   - too western style. chinese people might not be able to adapt themselves considering of language, culture, food and so on.
   - although it's quite close to city, the main roads in those suburbs are always packed. it's defnitely not a paradise for drivers.

Balywn, Boxhill
   - too chinese style. don't have the feeling of living in overseas.
   - suburb such as Balywn, there are really no much fun places there; not close to asian market, no cinema, no big shopping certers, etc. the only reason it's quoted as "good zone" is coz of the top schools there.

Springvale, Preston, Footscray
   - Preston is relatively ok. but Springvale and Footscray are not safe at all

City
    - don't like city life. country style is my preferrence.