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Maybe, but its a lot to do with the quality of houses. Salisbury has a lot of run down houses that sell for cheaper and are being knocked down and developed or reno'd. So the dregs are bringing down the median price while the nice houses are easily 600k. Whereas paddington has already had...

Some good points so far. Ive got no idea what the best option would be, so its good to get ideas from others.

You can buy in a better location but the quality of house is not going to be the same. Block size will be smaller too. 650 buys u a lot in salisbury. Plus salisbury is still a nice suburb. 10 mins drive to the cbd, schools, parks, quiet leafy area.

I'm wondering what your thoughts are on this one. Renovating a low/medium end property or renovating a high end property. Examples: Low/medium end of the market: http://www.realestate.com.au/property-house-qld-salisbury-117438415 High end/blue chip market...