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What's the minimum budget to invest in Melbourne's blue-chip property market?

The minimum budget for investment-grade property in Victoria in mid 2014. Richard Wakelin, director, Wakelin Property Advisory, tells you how much you'll need for a one-bedroom apartment, a two-bedroom apartment and a two-bedroom house in the inner north, inner bayside and the inner east of Melbourne as of mid 2014. He also points out where you might invest if your budget isn't quite enough.