Buying "expensive" PPOR as IP

In Melbourne, would you agree that "cheap" would be say $200k, and expensive at $800k plus?

Cheers,

The Y-man

Its all relative I think - and depends on the person. 500k is expensive for some people, but very cheap for others. 1m may be expensive for some, and affordable for others.

I just meant more "expensive" for you subjectively - meaning you couldnt afford to live in it straight away, or it would be too much of a stretch to do so, whatever $$ figure that may be.
 
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