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And thanks to everyone (including Y Man), for helping answer all my basic or complicated questions. I've been able to learn a lot via this forum and will continue to do so. Thanks again for the support.

Just to finish off the thread, I ended up buying in Glenroy on the west of Pascoe Vale rd. Deprectiation schedule came in higher than my estimates so it's turned out to be cash flow neutral. I've locked in 4.56% for the next 3 years while I'm on maternity leave. Will look to buy again in about 3...

Tell me more about Ringwood. What's it got going for it? I've been there once and it was nice. I'm just not familiar with the eastern suburbs. They don't feel close to anything but I know they're popular. TELL ME MORE! TELL ME MORE!

Are you talking about East-West link? I thought Labor are going to scrap it if they get voted in. And they are favourites to win the election.

Any reason Seaford or Frankston over the other suburbs closer up the highway (Edithvale, Bonbeach, Chelsea etc). Thanks.

I've got Heidelberg Heights and Heidelberg West. They are cheaper suburbs than Heidelberg itself which is more expensive. I agree that $450k can buy a house further out. My problem would be the larger negative cash flow (because no depreciation benefit) which I may struggle with at 8%...

What are the pros and cons? Your thoughts? This is my shortlist for Melbourne suburbs to invest. It would need to be a townhouse or villa or apartment (not a huge block) as I can't afford a house. I've chosen based on consistent 1, 3 and 5 year growth, weekly household income, vacancy rate and...