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Thanks for the response Willair & Fourex. Based on my calc, the reno will only cost $20k to $25k max with an amount set aside in case of a blow out. Having friends and family in the renovation industry will help in this. As for the sub-division process, I mistakenly wrote the 'delayed...

Hi Everyone, I purchased my first investment at age 21 using a small amount of savings and the FHOG to purchase an inner city apartment in Melbourne which is now returning $415pw (7.5%) and CF+. Even though, I'm 23 years old now, I'm a very keen property investor. I've been spending allot...