Melbourne is much better :)
If you're an income investor, it doesn't really matter too much as long as you get the yield you're happy with. If you're a growth investor, it might be a different story. I guess it depends on what happens in the lending market. If the Fed can bring about some wage inflation, property could be a good store of wealth. If not, then perhaps not.
Of course, here in Australia, the market is much more inflated than in south Florida, especially in Melbourne and Sydney.
Thanks for commenting!