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Have you considered Clayton?
Something like this:
http://www.realestate.com.au/property-apartment-vic-clayton-108287891
Then you could rent out the second bedroom to a student from the uni. But you must consider what things you like/dislike.
If you've never shared a flat before, then you probably wouldn't want to start now.
All the best, I hope you come back and show us what you end up purchasing.
Thanks a lot..I saw this flat 1 month ago..good location. condistion inside is terrible. Plus almost all the windows are covered by trees outside so it looks so dark inside the room.
Interesting thing is after around 1 month.. This flat is still there. AND NOW the whole building is on sale..haha.. 3 million dollars for the whole building ( 11 units)...Whole building on sale without a new approved plan..Strange ha.
got a link?
Oh, yeah, Clayton is rotten. But so is all of that train line.
Noble Park is two suburbs. People talk and nod knowingly to each other when they find out what side of the train line they are on. South is probably better in that more brick houses (migrants like bricks) and less dense - but only advantage is that it's close to Parkmore. North is older, has more units/flats/townhouses but is 15 min to Chadstone, 8 minutes to Monash Medical, 4 to Eastlink etc etc.
Springvale is the same - a suburb divided by a train line.
Sorry Hikeven when I linked to that flat, I didn't realise it was the whole block as I just searched for places under $350,000 and it came up.
Clayton's a terrible place to invest right now. The clamp down on immigration and the high AUD has meant Monash uni's enrolments are down massively, meaning less students to rent your houses.
While I agree Mandy, what else do you expect for those areas? All the areas with the good pubs, restaurants, bars etc are in the inner-city with prices more than double that of the budget in question - like Richmond, South Yarra et al.