The cheapest way to invest, help your kids or buy a first home

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Melcorp Real Estate’s Mattia Pecorino, who sold Blincoe his flat, said one-bedroom apartments on the outskirts of Melbourne’s CBD with “decent space” and amenities usually cost upwards of $300,000. The “significantly smaller” inner-city builds, mostly short-term rentals or serviced apartments, fetched about $180,000 to $260,000.