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I see, so no chance to renovate the actual house. Doesn't look like a good renovator anyway, and would have lower rent being on the train line. I actually like trains and the noise, my grandparents lived on the back of a railway line in Hobart and as a kid I found the noise of a night time train...

I'd buy in a cemetery, Karrakatta in Perth, Toowong in Brisbane - prime land, all gone to waste with monuments for the dead.

I am really confused, why does the house ned to be gone within 37 days?

If all that is happening why does the real estate ad say you could renovate it and rent out the house?

Snakes? For real? RPI - I think if you're going to buy a devvie site, where the house can't be rented out, if you can't go in hard and minimise your holding costs, you shouldn't do it.

Norwood man, you are dead right. Even though it's close to the city, it's no Newtown for sure. Sydney also very different to Brisbane, you can't compare, people like different things and will put up with different things. Coorparoo, even inner-city is a bit suburban feel, West End, South...

Thanks all, checking the zoning and potential development today with Council. Holding costs would be high, and there's some work to do on the house to rent it out, don't like spending money on something that will eventually be knocked down. I think it's really only a goer if you're going...

ie, backing right onto it? i.e., this: http://www.realestate.com.au/property-house-qld-coorparoo-116098079 on 2 lots