Areas with nature within 1 hour of the University of Melbourne - Parkville

We are a young family (two kids under 5) and want to rent a house with a large backyard, and be close to nature. I will need to commute daily to the university of melbourne, and want to make this as painless as possible. Where should I be looking into? Our budget can go up to 700/week for a 3 bedroom. Thank you!
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