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I haven't suggested you sell it now, only further down the track with DA if it has outlived its use to you/cannot afford to develop full potential/want to invest elsewhere and so on. I also didn't suggest you go resi on the stories though I did suggest you could rent a room of your own...

Just personally speaking ...if i had land that can be developed up to 8 stories but could not afford to with current budget.I would be very tempted to use budget on 2 townhouses in chermside /Alderley etc or 1 townhouse, 1 unit, live in one (rent out a bedroom if poss as well) rent the other and...