Hi there, Long time lurker here both the forum and the property market. We are european migrants and after over 9 years spent in Melbourne, we finally came to the realisation that we should get into the property market... Not something easy for us as the prices seem crazy compared to what we experience back home. I'm posting today as I need a sounding board before making the jump. I'll try and keep it short. We work and live in Melbourne inner city. We don't want to move away to the outer suburbs, and with 2 kids and a budget of 800-850k our choices are fairly limited. We recently came accross a duplex 3 beds appartment, 2000's built, top floor (3d), no lift. It's pretty rare that we see a 3 beds in our price range in these inner suburbs. I'm concerned about the no lift thing. We wouldn't buy looking to make crazy CG if any at all, but obviously I'd like this property to maintain its value in real terms. There's a lot of new buildings being built in the area, lots of new stock in the planning stages, very little 3 bedrooms though, and the one that do exist are sold OTP for $1M+. I guess I answered my own question? Yes this 3 bedrooms could not compete with the new ones with all the bells and whistles but it would/could be a good option for a buyer wanting the space at a bargain? It seems like so much money for an appartment ha! What keeps me from jumping in the deep end is that in the past couple of months I have seen 2 townhouses 3 beds in the area go for below our budget... Should we focus our energy on snapping the next townhouse that would come on the market? Appartment/light/stairs vs townhouse/small backyard/darker - That is my current debate!