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Have you tried looking in Elwood or West St Kilda? Very in demand areas close to everything and a lot less development then alot of the old inner city areas like Sth Yarra and Richmond.

New apartments can be very dangerous, particularly if its a signifiant number of apartments in the development. There is no scarcity about them, there will be alot of people looking to rent them out so the rent agents quote is often too high as a discount war can eventuate. Worst of all the...