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My friend just bought the worst house in the worst street in one of the worst suburbs. So it probably makes it one of the worst houses in Melbourne. Let's see.... It's in West Heidelberg. It's next to a commission flat. The place is built by asbestos everywhere and extremely ugly. It has...

Location - same old question. Walk into the house and ask, would I live in this location? If you wouldn't, what makes you think the next buyer would, rather than being an investor?