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And don't overlook Thomastown, closer in than those. It's ugly. It's possibly underquoted ($230 - 250k). But you get 2 bedrooms, a courtyard and a handy location, walking distance to shops and train. http://www.realestate.com.au/property-house-vic-thomastown-117180323 Since the Thomastown...

People have a funny attitude to risk, not all of it rational. Consider what's more financially risky: Plan 1: Buy own home, pay maybe $2000 per month mortgage with money from your job. Plan 2: Keep renting but buy same property above as IP. Collect rent. Insure appropriately. Pay...

Neither are probably the best options if you're aiming to build equity quickly. There are other affordable choices in the area that may be better. Plenty Rd is good for uni students but too slow into the CBD. You're better off being near a train. There are numerous established properties...