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True - but you can't control what else may come on line at the same time.

We do this now at work, but for a charity and for our own use. I would rather have the first one tenanted for an extended period. Getting the first tenant after building - to me would be one of the major risks with this strategy.

Interesting Dazz. I have a background in gyms, so that was actually a brave move. Many don't last that long! Is there anywhere on here where you tell your whole story? Would be a great read for those interested in the commercial route.

Hey Dazz - is this the type of commercial you started out on? The Ballarat one looks interesting. Extra land for possible future development, long-term tenant, 8% yield. Only 3% annual increase though - perhaps this is the norm in regional?

Swith, Will be watching with interest. Am also interested in the area in the future. Good luck!