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Thanks for the info :)

ahh ok then. As the home owner, am I actually allowed to subdivide while the lease is still in place? Its a 6 month lease signed about 3 weeks ago. Obviously i will reduce the rent as im cutting the land in half, but does the tenant have the right to refuse?

RumpledElf, who are you getting to build your new house?

Well the initial property im looking is starting from $175k according to the Masterton site, hence why im bumping the total outlay it to $250k~$300k. Couple other questions: 1. Whats the rough cost of subdivision, is there a formula that is applied? 2. Whats this Basix thing i hear about...

I was reading through another thread and noticed that another member was saying that 5% is nothing and 7% is "easy" to find. Personally I've never seen such high yields in Sydney property, then again I've never looked that deeply. So i guess what im trying to say is that if i was to spend...

Another thought... Am i better off buying something for $200-$300k instead because seeing i own this piece of land I can always build later right?

Thanks for the replies and suggestions. I thought about granny flats, but how many granny flats am I allowed to build? A quick look at that thread seems to indicate building for $50k and renting out at $150 ~ $200 which is pretty good yield, but if all im allowed is 1 granny flat, it does not...

Hi there, been reading up on property and stumbled across this forum. Im sure what im about to ask isnt new to you guys here, so i was hoping i could get some advice on what to do. So a little background on my situation, Ive got a property in Parramatta region that I bought back in 2003...