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Thanks all. Appreciate the detailed responses.

Thanks Jake. I would say pretty random list to start with for East , S/E. didnt want to invest in North. West is covered with ppor. need something on eastern side hopefully not too far from CBD.. Which other suburbs would you suggest ?

Thanks mate A follow-on question , which one might have better capital gain a) Unit in Burwood ( 30+ age wise , within 1.5 km to Deakin Uni and land area like 300-350 sq m) vs b) house in Clayton South (similar age with area like 600+ sq m) (I am aware cost for the above two...

Thanks Y-man for the prompt reply. Yes, forgot to remove "Monash" , I initially meant just proximity to Uni which for Burwood is Deakin Uni. I agree and personally not keen on students as tenants just thought as one of the reasons for CG was proximity to Uni. Is Monash Hospital same as...

Looking for IP with 1st priority as CG (hold for 5+ years) and next a decent rent to cover the holding cost. Not planning to do huge reno , can do basic reno if required. Not familiar with any of these suburbs or the surrounding suburbs How would you rank Clayton , Clayton South and...

Wasn't it only from the date its first listed as available ? Even the interest? My understanding was that the construction loan, interest etc can't be claimed until the property is listed as available? I was pretty sure until I read this. Link from ATO site ...

I am also keen on finding out what this loan split is and what is it formally called by the banks? Bank sites show split loan as something like 50% variable and 50%fixed , surely that not what it means in the context of use a few times in this thread.

Many Thanks Oscar and Bennny for the valuable advice ! It does make me more informed and prepared. A silly question, A friend of mine (though with no real experience in subdivision) says his understanding is that - "In a scenario like this ( one existing dwelling and permit in place for...

Thanks for the advice. Though as #1 is already completed in the form of council approved plans , I believe this step may not be required here. I am not really sure about #2 though - should #2 and #3 be done in conjunction keeping the budget in mind and what is the kep outpur of step#2...

In the west, Laverton.

Hi All, I am new member of this forum thought have read a few posts. I bought a property with Council approval to build a single story unit at the rear of the existing single story house in the front. I want to confirm that I understand the next steps and questions on some of the...