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Thank you all for the replies. My thoughts are pretty much in-line with the general consensus here. Anyone here have an intimate knowledge of the area and would like to share what are some of the better streets? Jake, which suburbs do you think present better value? Western? North Eastern?

Median prices in Ringwood have gone up almost 20% over the past 12 months according to RPdata http://www.realestate.com.au/neighbourhoods/ringwood-3134-vic Lot of this no doubt can be attributed to the massive developments that are occurring and will be occurring over the next couple of...