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Spent the day doing this with at least 3 areas that surround the suburb, I actually think this project will be very low risk considering the much higher sales in these areas. Will be meeting the agent this week prior to the property going to market, seems the only way to do business these...

Always at the mercy of values coming in. Fortunately I have plenty of equity but then this defeats the purpose ..... using equity for builds rather than purchasing additional properties.

I am not sure we are talking about the same areas?? With Spearwood the areas nearby, ready to be rezoned are almost the same median price therefore its much easier to work out an end value. The area I am looking at surrounding areas have a discrepancy of as much as $200K that is why it is...

Yes, it does. The home is beautiful, however it is only 2 bedroom, if it were 3 I would get much more, but it still stacks up. I never looked at this. Thanks There are not too many areas left where they do, generally better with 3.

Hi All I am currently looking at a development site with the view of building 3 villas. The particular area will be rezoned within the next 6 months, it has already been rubber stamped so its definitely a goer. This is the issue I have though, the market is still rising in this area as there...