You mean like
http://www.realestate.com.au/property-house-vic-footscray-117706311
From the ad, I make it to be 250 sq m.
Footscray is an asian (Vietnamese) hub (as is Springvale and Richmond).
The Y-man
1. maybe - but house with land will be pretty scarce in that price range within 15km of cbd (depending on how much land you are after)
2. opinions vary - but by the water is generally more pricey.
3. Maybe look at...
