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Any reason why you want to buy H&L and not an existing property? With your budget (and if you are happy to buy existing property) I would stick to Sunshine/Albion area. There are plenty of post here on these areas.

Are you buying house & land package? Any particular reason why you chose this suburb? I know few people who live in and around Plumpton. As an investor I wouldn't invest there because there's plenty of vacant land and almost zero public transport.