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    Build 2 x townhouses or buy another IP?

    Thank you for the replies. I think most of you hit the nail on the head. It's the "opportunity cost" which I haven't factored in. Clear as day now. I toyed with the idea of buying interstate, but agents and tradespeople often take you for a ride. I'd rather pay more Land Tax and know I am...
  2. T

    Build 2 x townhouses or buy another IP?

    Hi folks, I have a dilema. I have an IP in Doncaster and I am unsure as to whether I should demolish and build two townhouses on it or buy another IP for future Capital growth. It's a solid brick veneer 3 bedder. Cost of build will be about $750K. If I don't build, I'll spend that...
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