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Have you seen the newer ones in East Melbourne? http://www.realestate.com.au/property-house-vic-east+melbourne-403988856 And this one is coming. http://www.salta.com.au/section/development/precincts/26/

A good location? LOL only kidding Aaron. Very good sound proofing, a good communal open air space (ie like some of the new apartments in South Yarra near Forest Hill precinct), and home office capability. I'd have a look at what 1.8M now buys in South Yarra, South Melbourne/Albert Park and...