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MTR there is about to be a lot of development going on in an area already with high development. Personally i am not sure if the dev prices are sustainable but i could be very wrong. I sold out in Glenroy as i didnt have the money to do anything with it and have taken the profits and bought...

MTR i sold to a developer/builder in Melbourne. I know they are looking for more - could be a buyer or a JV although these guys are a bit rough around the edges!

Is it possible to sell one and use profits to fund the other? Profits from Site 1 could wipe out purchase price on site 2. Then 4 unit development could be ~ $660k which should be easy to fund and you have 4 units with a $660k debt. Assuming units rent for ~ $320/week looking at $62k rent a...