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Photo: Pat Scala Where to buy a family home for less than $600,000 below Melbourne’s ring road Melbourne’s ring road, much like the Boulevard Périphérique in Paris, is a multi-lane bitumen barrier between the inner and outer suburbs. The state government’s North East Link plans, revealed this week, will see the ring around Melbourne completed. The new road is set to connect the M80 from Greensborough to the Eastern Freeway. For those looking to buy in the west and north, the road can play a huge part in deciding where to spend the next 30 mortgage-paying years of their lives. 11 Lloyd Avenue, Reservoir is a rare full block for listed for $550,000 to $600,000. (Though it is already destined for redevelopment.) Photo: Nelson Alexander First-home buyers who want to take advantage of the state government’s stamp duty saving on homes under $600,000 may think they need to leave the inner circle to enter the market. But there are still properties to be found inside the ring road for under $600,000. Current Domain listings showed suburbs including Sunshine West, Ardeer, Glenroy and Reservoir had a healthy number of stock under the magic number. Real Estate Buyers Agents Association Victorian representative Leigh McConnon said it was all about the type of property first-home buyers were willing to snap up. Houses for under $600,000 in Glenroy, such as 1/83 Daley Street, are often on sub-divided blocks. Photo: Stockdale and Leggo He said free-standing houses on large blocks in suburbs such as Fawkner, Glenroy and Reservoir were going for more than $600,000, but there were other options, such as sub-divided blocks.New Challenges For No-hassle Mortgage Broker Melbourne Products