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I do actually have experience, have done three houses and made money on all of them. Just that they were PPoRs not IPs. by asking questions on this forum I have very quickly established the costs of potential subdivisions and been able to see the properties I thought may be good, would not have...

Alex are you saying if you can buy in the 500s you should buy in the 500s?

Re the proposed rezoning - go the website of the city where a property is located, eg City of Swan etc proposed rezoning maps are on each website. Look under town planning,

Thatbum .. you only get 2% of what a newbie is actually doing, thinking, researching, has experienced, will end up doing by reading a few posts. Negativity and misplaced arrogance spurs me to do bigger and better :) Thx.

I am way too tight to overpay :) Must be the Scots blood in me. My main problem is I think every place I look at should be 200-300K less than it is, regardless of the area or development potential! Why would anyone being interested in development create angst amongst members? A bit silly really.

Inner city -, for me it was seeing the areas 30 years ago you wouldn't walk through during the day much less at night, in high school looking down on people who came from *scummy suburbs* in Brisbane like Red Hill, Paddington, Bardon while we lived in shiny new AV Jennings brick boxes at the...

I think I can answer this one, from my POV though. When you find yourself finally in a position to buy an IP (at my age, 47), if you're sensible you don't just go out and buy anything, you join a forum such as this one and you do your research. You consider all options in your mind, then learn...

All I can say is don't take any advice from me as I'm on a learning curve. Started out looking at units close to the city, then got the retain and build idea in my mind and got sidetracked. Then I realised I'd have to buy somewhere super far out to afford a development block (looking up to 600K...

Hah, you sound exactly like me - have considered all those ideas, and the same areas and discovered the same things as you mention. I'm still trying to work it all out, but went off East Perth and Hay Street due to potential glut of apartments to come onto the market and ability to rent them...