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So i have been using replacement costs as a guide in Mandurah - obviously I am looking in places where there is still development happening. Is that the right way to think? And if I see a place below replacement ..... I did wonder about building an IP (not specifically in Mandurah) but that...

I found a tennant no problem, but they work local. Must be fastest growing for some reason? But agree the prices are all over the place.

I've been reading threads for a while now and this one should get an award - I have learnt heaps in this conversation! Thanks guys I bought my first IP ( a 4x3 DLUG) in Mandurah last year, mainly because the vendor dropped the price by 50k which brought it back to a reasonable price - not...