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Just a thought about foreign buyers... aren't they only allowed to buy new properties in Australia, and therefore really mostly driving up the new property market? So with the established property market, isn't it really mostly locals driving up the established market (rather than the...

Thanks for the advice Jake! What criteria/features would you be looking at in terms of what you would look for in a villa unit? In a block of no more than 4 units or less? Would you consider buying one on a main road if say you were priced out of those in quieter streets in order to be...

Any thoughts on Bentleigh East & Carnegie for 2BR unit? Still good to get into them? Or has the boat sailed for one or both of them & better to look one or 2 suburbs out or elsewhere altogether?

Thanks for the advice guys! :)

Hi Jaguar Driver, thanks for your advice. What's your thoughts about the alternative of purchasing in suburbs adjacent to areas like Glen Waverley and Wheelers Hill that will have the flowout effect, especially where property prices may be pushed up by Chinese migrants, as Melbournian and...

Thanks Propertunity! That clarifies a lot!

This is probably a basic question, but with renovating a detached or semi-detached unit such as a townhouse or villa, can you renovate the outside of the property like as if it were a house? Or do you generally need to obtain approval from owners' corporation? How about in situations where...

Thats really interesting facts about Chadstone! I've been there so many times throughout my life. Had no idea of such humble beginnings. Wasn't really aware about commission housing around mulgrave. Apart from driving around, does anyone know where we can look up locations of commission housing?

Hi Terry_w, Just to clarify, when you say you can count it as a main residence for a period of up to 6 years...so if you live in the PPOR for 12 months from Day 1, and then rent it out, you must move back in after 5 years of leasing it out (i.e. 1 year living in PPOR, and 5 years of renting...

Hi Spades, with the B & P report, to what extent/what kind of things would there need to be for the B & P to be unsatisfactory enough for you to exit the contract? Cheers, D.L

Don't want to hijack the thread, but just want to add some more questions to OP's list of questions. It is probably a really basic question, but I've noticed that with units often land size isn't noted. One time I asked a real estate agent what the land size is for a particular unit, and he...

Thanks for the insight into Rowville nikkig! Y-man, great to hear that you're a mulgrave local! Are there any pockets of mulgrave you think are desireable, or that you'd want to stay away from? Cheers, D.L

Hi Lonewolf, thanks for the advice. I have done some filtering, which has come to my original question regarding the options. In slightly further out areas like mulgrave, rowville, etc, I would be able to get a house with my budget, which would be nice, but so often I hear/read that when...

Thanks rabidz! Unfortunately Malvern East is a bit too pricey for me.

Hi everyone, It's been great reading all the informative posts and fantastic to be able to access such a great resource. It's my first post and I'm a newbie, so please be gentle. :p I'm a first home buyer looking at purchasing in SE Melbourne, with approx $500-600K budget. My plan is to...