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yes I agree, I would not touch it in a falling market because there is id say at least a 50% chance that any value adding would be eroded by the falling market (obviously it depends on the extent of the rennovations) I am just trying to work out, whether for a first project to do a tear down...

this is how I see it from a complete property development property novice point of view, feel free to comment in a falling market, BAD because your property could be worth the same AFTER rennovations hence a complete waste of time and money in a booming/rising market GREAT because anything...

thanks aaron, that was a tongue twister:D well, I was looking at buying in a cheaper suburb, say up to $350k, say a 600-700sqm block, square block either tearing down the existing crappy house , and building 2 units OR building a newer townhouse at the back....... its...

so assuming that the melbourne market is in a flat market or even slightly falling if you made the assumption that the market was going to be totally flat for 2-3 years, then would now be the best time to take the plunge?

was wondering for the rennovating experts out there, a strictly hypotehtial if you were going to try your hand in doing renovating full time and as a option for the first time, and assuming it would probably be a 2 site subdivision or a build a dwelling out the back of a 2 siter, and...