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Seems to be under contract already? Also, are you actually getting a full 700sqm? It looks like one half of a duplex pair to me.

Not sure what you mean - most agents are pretty on the level. You just have to remember that at the end of the day, they work for the seller. So don't expect independent advice on things like "how much should I offer?" and you'll be fine.

If you're talking pets, then you don't really want to risk strata complexes and their bylaws. So its generally going to have to be duplexes/single dwellings. Have you started looking? For some of those suburbs you listed, you won't even get close for $400k.

$400k with land near those areas? Yeah +1 for Langford here. I can't think of many other viable options. Also, it really depends on whether you're after some "shiny" factor, or whether you're prepared to do some renovating.