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Lol! I have no idea why. Maybe simple is your thing? :D Not many. That's why financial investments are generally not simple. They require rigorous research and planning. That's the opposite of simple ("complex"). Yes he did. And he said it would then be an IP.

Sorry, wasn't suggesting that this particular property on Melbourne Rd was suitable. Just pointing out the foolishness of applying blanket rules about not buying corner properties/on main roads. Each property/investment needs to be evaluated on it's individual merit.

... which are complete nonsense! Drive around Melbourne's inner and middle ring suburbs and look where the 4 to 6 story apartments are being built. Hint, more often than not, they're not in quiet back streets. There would be plenty of happy people who bought houses on main roads 15 years ago!

I've bought several IP's on main roads. Advantages: More likely to be permitted for alternative purposes (note there is a chiropractic clinic a few doors from the property you listed) More likely to get approval for redevelopment (units/townhouses) More likely to benefit from rezoning...