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Sorry, didn't mean to offend. JB

....the square on the hypodermic is equal to the square on the other 2 sniffs.... JB

One is a 4 year old house on a 550m2 corner block. 4 bed, 2 recep, 2 bath, double garage. I don't believe the layout of the block would permit a 2nd house on the back, so if I was going to subdivide it would be a knock down in 20 years or so. Although the house is new, its a basic quality...

I believe that the high depreciation in early years will offset the lower yield. Plus I can't be bothered with maintenance issues right now! I'm getting a yield of over 5% on both, but I'm an inexperienced investor and happy to be educated if I could be doing things differently. JB

That apart from the fact that Frankston council is a nightmare to deal with for any sort of planning or building permission! I've got 2 IPs in Frankston, both around 5 years old, both bought 12 - 18 months ago, both have probably made 10% CG already if the re.com sold figures are to be...