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I'm thinking further out like Armadale, Gosnells or Kelmscott Something like this that is under contract. 3 x 1 in Armadale asking $289 K At this price bracket, I would also be able to afford to get a line of credit and do a reno.

This is the strategy I'm considering! To subdivide and sell the back vacant lot. Using the profit to offset the front property so as to increase rental yield. Other idea would be to sell the whole block off (property and the vacant land) I'm just waiting on my loan application to go through...

Yeah I get your point. I guess I'll play it by ear & see.

I am going to start getting out there and going to home opens. :)

But if I buy a house with potential for rezoning and / or to add value, I would be NG for a while wouldn't I? I guess if I fix the rates it wouldn't be soo bad. Re: houses earmarked for rezoning are and will be sort after. Is that because once it is rezoned the property value will...

But if I employ a buyers agent wouldn't they do all that for me?

I get it now - Invest in early stages of rising market ! I'm starting to understand this now. I bought in Perth in 2008 & then again in 2009 but in hindsight the Perth market was either still at the top back then or had levelled off & prices were static. I had no growth until about 1-1.5...

Interstate Buy - Ingle Farm SA hehe your not alone. Im trying to figure out a strategy too. :p :D I'm tossing up the idea of using a buyers agent & buying interstate now. The yields are really good! Eg I could get something that's neutral to cash flow positive if I buy low 200 k...