Top Melbourne Suburbs to Invest, For Budgets of Less Than $500,000
MELBOURNE’s once booming real-estate market has finally decelerated – and for the first time in a long time, buyers are calling the shots.
If you have a secure job, low debt and a will to own real estate – banks, developers and the Government want to talk.
But a word of advice: if you do take the plunge, spend what you can afford, rather than the maximum amount you can borrow.
Saturday Domain talks to some experts on which suburbs you should look at, no matter what your budget:
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LITTLE Project Developments – the construction company of local billionaire entrepreneur Paul Little – has reaped $14.5 million selling off the commercial component of a five-level building in Armadale.
AFL footballer Chris Tarrant may be returning to Victoria to see out the rest of his career wearing a black-and-white Guernsey for Collingwood.


A prominent 2.5 hectare site at the suburb border of Armadale and Toorak, in Melbourne’s ritzy south-east, is set to be redeveloped.