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Morally speaking though, development wins hands down. It is creating real value in providing housing to the community, whereas my strategy is merely transferring hard earned wealth from the tennants to a greedy landlord

I bought a crappy old unit in 2007 for 145k in Sydney, its generating positive cash day one. Its now worth 280k and 50% higher rent. All with little effort The power of buying when others are fearful, inflation and compounding

I am bias towards existing property because - time poor and lazy, much less work involved - limited supply in established suburbs and lower than replacement value - easier to get finance