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Quick search, look at this: http://www.realestate.com.au/property-house-nsw-horningsea+park-116077919 Under 500k, big block, side access. Nicely maintained home. You could hold it for a few years stick a granny flat in the back, dual income and it's a hop, skip, jump to the rail and 1 minute...

Yeah but everything everywhere is selling now. 5-10 years from now what is going to make a cookie cutter mini Mcmansion different from the one going up 1km away. If you are going to live in it and money isn't the driver of the decision then go for it, I did. From an investment stand point...

Sounds awesome but you are forgetting one major thing... Huge land supply in this area. When you buy that block for $250k there is a good 100k of it just tied up in GST, developer costs, marketing etc. The block you are buying is actually only worth about 150k-$170k. Go look at comparable...

Puck me. :eek: Is it really worth the hassle do you think though? If you have time on your side generally a few blocks always come back on the market after a while. Where I live, not far from there the same thing was happening in the early 2000's. I have one of the best blocks in the estate...