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Is it possible that the property values and capital growth in 2 bedroom houses in North Melbourne will catch up with the surrounding areas such as Richmond, Carlton, Parkville etc or will it always stay below that of its surrounding suburbs.

Thanks for the advice, I was looking to purchase in Richmond in mid to late 2009, however the prices have increased beyond my budget. What would I be looking at for a 2 bedroom terrace house on approx 100-150m2 of land in West or North Melbourne?

Hi, I am looking at property to buy and are after some advice as to which inner city area in Melbourne (ie no more than 5km forom the CBD) is considered to be good value for money that may at the present be undervalued and shows good signs for capital growth. Maybe an area that is to benefit...