ABOUT $200,000 TO SPEND?
You can still buy something within 10 kilometres of town.
Generally, a budget of $200,000 can pick up an inner-city apartment with good growth potential.
Unrenovated one-bedroom apartments near public transport, and built from the 1960s through to the 1980s, often sell in Alphington, Ascot Vale, Brunswick West or Footscray for about $200,000. However, many flats are on main roads, which could pose a desirability problem if you decide to rent or sell the apartment later, possibly in an oversupplied market.
View this video on YouTube: 2 and 3 bedroom layouts.
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