Price pain: why some suburbs have gone from bargain to boom

2016 was the year of the Western Bulldogs. But in real estate values, the whole decade to 2015 belonged to the eastern suburbs of Melbourne – as a massive influx of Asian migrants and property investors began transforming the city.

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greenvale

Greenvale, adjacent to Tullamarine Airport, has been undergoing serious change since being Melbourne’s “last” suburb 20 years ago. New development lots are opening. Photo: Supplied

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