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The problem with Mornington is rising sea levels (which threaten to drown houses in coming years) and Tsunami (which always hits coastal areas). Also coastal areas are much more colder than up north. :(

Thanks Spiderman and others. I agree with your facts. This is what I'm thinking - Buy cheap land in a developing area (with less facilities and connectivity at the moment). Keep on paying mortgage and wait for 3-4 yrs for the area to develop - roads built, trains connected, police stations &...

What about up north Roxburgh Park, Craigieburn. Any good deal over there. I am bit reluctant to go towards Western suburbs as they are notorious for crime

Hello all, I have a budget of 150K with which I want to buy at least 300 sq mt plot. Can anyone suggest me good outer suburbs where I should target my buying. I am new to Melbourne so I am clueless about different suburbs. I don't want to invest for profit, rather I want to build my dream home...