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MirandaF, It sounds that the development for Sunshine is a good start. You still living in it with a build at the back, so no inconvenience for tenants. Essentially a $200k build cost, adding on say $300k to the overall value and $350 a week rent for the back townhouse. If you already have...

MirandaF, If your goal is to exit the rat race in 7 to 10 years, what income and lifestyle do you want? Once you know that, you work backwards to see what path and strategy you need to take to achieve it. Houses on land in Essendon and North Melbourne are unlikely not to achieve gains over...