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Thanks Richard, I might be in touch soon.

Absolutely I've looked at this as well, areas like- Mount Gravatt East, Moorooka, Annerley, Norman Park, only problem is most are getting snapped up real fast the competition is fierce.

I may just bite the bullet and buy a good site, I'm just scared to take that initial step of buying a sight and it never getting off the ground, and then having to sell for a potential loss.

Breaking even or make very little money is not my intention here.

I have equity, however I spoke to my broker and don't have the serviceability to fund the builders loan. An example is recently my friend who is on high income over 150k+ p/a was going to go in partnership with me, however this has not eventuated.

Hi all, My ultimate goal is to get into property development, starting off small boutique developments of 2-6 townhouses or units then progress onto larger projects. After speaking to my broker I know this isn't possible from a finance point of view. The only way forward is to form a...