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Depends on your investment strategy. Personally, no, but there are one or two strategies that if I were following I would. I think the huge blocks in Seaton have a heap of potential, and the poorer people do get squeezed out by increasing rates valuations, higher rents and the opportunity...

Sold in 2011 for $370k, could have asked $10k+ more a year earlier but needed somewhere to live :D

Coming from Melbourne, in 2006 I bought a place in Taperoo because I couldn't believe I could get a 700sqm block within 800m of the beach for $250k. I'd be looking for more of this type of fundamental property, though that price point isn't available any more. I've been a bit disappointed with...

Before I left, Grange was one of these suburbs... people paid a premium (both purchase and rent) to get their kids into the school there