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location of the port Melbourne one not ideal. Main road but on a service lane (I believe). But on the sth melb side so absolutely rentable at a good yield. http://www.realestate.com.au/property-house-vic-port+melbourne-114163771 The Fitzroy one was in a good location...

Despite being in a good pocket of Richmond, they paid way too much. In June, a 3 br, 2 bath single terrace, no renovation needed house sold in Port Melbourne for $517k. On Elgin Carton a 3br two storey with small courtyard sold for $715k. Its moving around a fair bit in inner Melbourne...