The answer in FY27 is not found in a single city or a single asset type. It is found in a common thread running through a handful of markets that most investors are either underweighting or overlooking entirely. That thread is population-driven demand meeting inadequate supply, with affordability pressure concentrating competition at accessible price points. Olympics infrastructure investment is accelerating and beginning to translate into tangible delivery timelines rather than just announced projects. Melbourne: the contrarian case is becoming harder to ignoreMelbourne has spent the past two years as one of the more discussed residential markets for the wrong reasons.