Search results

Thanks - all pretty valid points. I'll probably end up procrastinating and doing nothing again. But yes building 2-3 townhouses is the most practical. Building a luxury mega townouse is probably equally as rewarding (or maybe not), but would be difficult to sell in a tough market given the price...

This dilemma has meant I've done nothing to it for a few years now

Smaller townhouses would probably rent better, as it's at that $1000-1200 sort of price range that more professional families can afford. A mega townhouse would really be a trophy inner city house I'd use myself to be honest, and hope it could fetch a lot of money in a very hot market. I'd...

Yea something like that. Around 250sqm. No setbacks required, except in so far as shadowing of my front houses becomes an issue.

Building crapper and more would have higher IRR if you sold at conservative prices in both cases and sold immediately. But a luxury townhouse could fetch the sky in a hot market, because they are scarce and there're not many 200sqm plus land size townhouses a few hundred meters from CBD...

Thinking of building townhouses in a very prime spot (think laneway off Drummond St in Melbourne or laneway off Crown St Surrey Hills Sydney type of location). I have an empty piece of backyard that I can subdivide out. Is it better to build 2-3 four level 70sqm townhouses that would...