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But areas do change. In 20 years time I wouldn't be surprised if West Heildberg is a well to do area. Just look at the suburbs around it. Surely it can't be a dump forever. It's not like you have to live in the IP. Just buy the IP and rent it out. There are many suburbs that were...

I like Fawkner. It's just over 10km from the city and you can get houses there for under 400k. It has had strong growth over the last year (all of Melbourne has), but I think it has more potential. Also West Heildberg. I know it's a poor area, housing commission, but look at where it is...