I'm buying my first IP and starting to consider geelong as an alternative to melbourne considering how hot the market is here. The government and spending a lot of money there at the moment,there will be a new private hospital built there over the next couple of years,plus the new regional rail link is now up and running. I wonder if the ripple effect from melbourne will take effect there? It's bayside and only an hour from melb.really cheap houses still with good yield. Anyone have any thoughts on this or have bought there?