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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A PROMINENT Camberwell development site opposite the suburb’s Town Hall and until recently earmarked to become a $50 million office building, has sold for $7.7 million to residential developer, Trenerry Property Group.
CONSTRUCTION of a contentious Camberwell apartment project dubbed by locals as “Melbourne’s ugliest tower” is now not likely to start until at least next year.
Queensland born and now Sydney-based developer FKP has listed for sale the one and only penthouse within its contentious Aerial project, at the Camberwell Junction, in East Hawthorn (pictured, right).
THINGS are about to get a lot busier around the Camberwell Station.
THE CONTENTIOUS planning policy that eastern suburb-based actor Geoffrey Rush warned in 2004 “would fundamentally alter the tone and character of Melbourne in a way that I don’t believe people are quite aware of” has finally claimed the eastern suburb’s most prized development site.
IT was a concept last popular a century ago in then-working-class suburbs like Richmond and Fitzroy, but now it looks like shop-top living is making a big return.
RESIDENTS in Melbourne’s ritzy east are increasingly voting to remove the “dry zone” restrictions around their streets, in what could result in the government and council putting forward a ballot, to remove these zones altogether. 
ANDREW Myer has decided to sell his Camberwell shopping centre, The Well.