Pizza and Property Weekly Slice 262: Massive Growth Areas Under $350K in Melbourne - with Steve Ash & Todd Sloan
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Dec 2, 2025 In this installment, property investor Steve Ash, founder of PropertyStrats, shares insights on affordable Melbourne units under $350K. Steve highlights why these properties could be the overlooked gems for investors. He contrasts successful low-cost units like one in Annerley with cautionary tales of high-rises that promise too much. The duo dives into factors driving demand, renovation potential for equity gains, and the importance of conducting due diligence on body corporate fees. If you're looking to enter the Melbourne market without a hefty price tag, this conversation is essential!
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Land-Backed Units Offer Hidden Growth
- Affordable units with a land component can be a hidden capital-growth play under $350K in Melbourne.
- This contrasts with common perceptions that units offer no growth and are all high-rise negatives.
Annerley Case Study Of Rapid Unit Growth
- Steve cites an Annerley two-bed that sold for $285,000 in 2022 and would now be worth about $600,000.
- He uses this as a precedent for rapid unit appreciation when affordability meets location.
Reject Units With Stagnant Sales History
- Avoid units with poor long-term performance records even if the price looks like a bargain.
- Check historical sales and skip properties showing decades of stagnation.