North Melbourne, Bundoora, Point Cook property of note: HTW

Young professionals and students are driving the Capri rental market, with neighbourhood factories and warehouse apartment conversions close to the CBD, markets and universities highly sought after.

Two bedroom apartments can be found at the upper end of $400,000, according to the Herron Todd White July 2015 Month in Review, which also found house and land around Bundoora, the location of RMIT and La Trove University, of note.

Affordable house and land in outer Melbourne suburbs Point Cook, Truganina, Tarneit and Williams Landing continue to drive demand, with potential investors looking to buy three to four bedroom homes under $500,000. 

The Alamanda and Sanctuary Lakes Point Cook estates have seen sales of four bedders on roughly 450 square metres sell from $450,000 to $550,000.