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If you are looking bayside, then I would most certainly recommend Frankston/ Frankston North or Seaford. If you go further in towards Chelsea and Carrum, you will struggle to get a couple of properties in that budget. Aim for long term and the ability to compound future growth through future...

Vlad, If I was starting out in this environment, I would most certainly be looking at properties with a higher yield. Better cash flow from a property allows you to ride out any fluctuations in the property market value and also provides you with a launching pad to secure your next property...