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Can someone give me a very rough idea/example of how much capital you would need *roughly* to be able to buy that property for $280k, then demolish and build a few townhouses on it. Just a very rough example etc? I.e. to those doing these kind of developments, what does your financial situation...

With any potential boom town, there is always a risk, and you always get the usual nay-sayers "Oh values will never get that high" etc. You can only try. Just saw this one: http://www.domain.com.au/Property/For-Sale/House/QLD/West-Gladstone/?adid=2008165456 - Nice, low buy-in price. -...