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would you consider an older unit? you can buy 2br in 3 storey walkup for your budget (with a bit of change) in Ashfield. or do you prefer the other side of inner west? there's a block in Concord, not far from Barnwell Park golf course, opposite a park, 2 units there went for early $500k in...

wanna move to Melb? your budget can get you a 2br apartment in CBD with city/water views =)