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How did you achieve 6% return on such a high purchase - $600k I think you said - is this IP dual occupancy (2 houses on 1 site) or block of 3 units or something? Especially when you said it's inner city Melb!

Yes it does depend on what stock...personally there's studio, 1 & 2 brm units in S**t areas achieving 8%, but I know based on the last bust, that there's still hurt coming, & those units will achieve 10% + returns easily in 12 months time based on lower purchase prices. Problem with some of...

My last 2 purchases were in 2007 (albeit at the time this was the peak of the market for Cairns, yet didn't know it at the time), but bought well & undermarket to the tune of around $40k each on $190,000 & $160,000 unit purchases, so even now still OK. I sold the $160,000 unit for $216,000 with...

Hi Roachy, Are you saying the total value is $880,000 ($230k + $650k)? Have you done this type of development a few times before?

What was the upside to buying your last investment purchase? Did you buy for capital gain in a rising market? Did you buy for cashflow? Some examples with figures would be good.