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Something that always needs to be rememebered... You can talk about the overall pictures of Melbourne and Perth but there are always suburbs and areas that aren't following the pattern for whatever reason which I've seen first hand with a suburb like Forrestfield.

By what you've said, the reason you're attracted to Perth is that you can buy a property with a large land size for future to development but then you've said you're looking at buying a unit so please clarify that? As r377 said, you could buy 2 properties with $890k