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Thanks for your words of support and advice. Perhaps I have given the wrong impression of my son (lucky he isn't a member of the forum!!!!). He hasn't asked us to buy anything, in fact he wants to try and get a place to rent by himself. He does work part time and as we live in Gympie, moving...

Just finished talking to a dispirited son. Nothing to rent, so I am biting the bullet and having a go at selling the land, and buying a house (definitely in that order). Thought I might put the land details on the caveat emptor section, so if you're interested check it out there. Thanks so...

Yes I realise there is a risk that in 5 years when I want to buy back into Tinnanbar the prices may be too high. The block was more my dream, rather than my husbands, which makes the interest we pay every month a sore point, especially as it is all dead money. My son doesn't actually expect...

Alas, it is only a residential sized block (1000m2) and council has stipulated it must be used for housing. Looks like my decision has been made for me anyway, as we found out last night our uni son and friends are to be evicted early March (bank is repossessing it). Worst possible time as...

Unfortunately no. Considering it is a quiet little coastal village with a permanent population of about 20, the Fraser Council has set very strict rules. We had looked at this possibility, but with a shed. Not a goer I'm afraid. Tinnanbar has quite a few original fishing cottages, but as it...

[/IMG] Do I give up this view in the short term, so I can make enough money in the long term to be able to actually afford to live there?

Thanks Kathryn Thanks for the suggestions re IP and son. What I didn't mention is we can't afford to buy the IP without selling the land - it's one or the other. Do we go with the lifestyle choice (costing LOTS in interest) or the IP?

Sorry Sorry, just realised this probably should have gone in Property Investing _ Other section. Told you I was new to this.

Million (and possibly more) dollar question - what will appreciate more in 5 years; a block of water front land at a beautiful little coastal village on the Fraser Coast (SEQld) OR an older style rental house in St Lucia, Brisbane? We own our home, have IO loan on an IP (going along well).2...