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Thanks Philip. How are blocks of units valued?? Its not as if they can be valued against the 3 or 4 houses down the street that have sold in the past few months!! Is the value directly attributed to the yield?? Its not so difficult to judge a price of a house because most streets are 90%...

It looks like 3 tennants have been there for 4-5 years and still paying the original lease agreement thats well below market value. What return would you think is fair?? Why would you need a much better return than that?

Thanks for the reply guys.... Michael i spoke to the agent and posed a few of you're q's. Zoning is residential. They are on the 1 title. Yield is 6.4% on asking price, other yields in the area seem to be a little lower. Not sure of land size yet. Fully tenanted, with 2 long term...

Hi, new to site and PI. We are currently researching our first PI...:), and we have come across a block of 4 units(1x2br, 3x1br) on a large block of land in our price range. At this stage we have only really considered houses as an investment, so we are unsure of any differences with units...