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BenG, I like the Payneham and Marden area, although they have moved quite a lot recently. Klemzig is worth a look. Not as salubrious as Leabrook, but close to the city and showing signs of moving up in price as the Ripple moves outward. I also like Broadview. I've bought a 2BR and a 3BR there...

At $250k and looking for subdivision potential, you would have to be looking quite some distance from the CBD. You could consider units that are within, say, 10km of the CBD. As affordability becomes more of an issue, units will look more and more attractive to people not able to buy or rent a...