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My knowledge of CGT is extremely basic, so I think my $100k figure could be quite wrong. I only used a basic calculator I found online.

Fair point. I can see where the lenders are coming from. So a more reasonable comparable would then be same zoning / same size land but not sold with a neighbouring property.

Thanks! Beginners luck maybe. This was my first IP. Had a couple of good ones and a couple of misses. My two in Brissy are only back up to what I bought them for 4 years ago.

Even if there are comparables within 200m?

It's being rezoned for 6 storey mixed commercial/residential - 21 units by my calculation. 600sqm in Penrith LGA. Yeah, I'm wary of the agents' bag of tricks.

Haha nice one :D I'd need to start selling my body from a street corner to afford that!

I bought a house in Western Sydney in 2009 for $280k. With recent planned changes to zoning, the house will be sitting on med/high density land very soon. I've been approached by an agent who has an adjacent block (at the rear) about to hit the market and would like to list both together to...