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Don't think so Dazz, just putting the deal out there as an example I know of house to office conversion, don't think it was a particularly good one, but then again Norwood is a strange beast, so probably not a typical example. Yields are always very low. Generally speaking, the smaller...

Here's a working example of the property I mentioned above for those who may be interested (Kim - 65 Edward St, Norwood) - 1910, heritage listed property: Went to auction in Dec '07. Really only one bidder on the day who finished his bidding then after a bit of to and fro with the elderly...

This is a generalisation, but from my experience - you may need bigger houses to make it work. Accountants, doctors surgeries etc want more than just a small 3 bedroom house they can convert to offices, so with a small house and reno. you'll only be appealing to a one man show. I've seen it...

Some good points, but I reckon I'd be sticking to capital city for my first CIP. It's not that I can't, the asset base is decent, but at the moment the priority is to build up the equity for a PPOR.

Ha! :D Yeah but no real choice, at the moment we live in a very small house which is fine for now, but by the time our first kid gets to 2-3yo I want to be in our proper home. Wife is easy to please, but I want the big house in the good location. I know, I know! :rolleyes: Having said that...

Mainly because we need to buy a PPOR first. :)

Another one to check out for you Kim would be 43 Wing St, Wingfield - vacant land. I've been following this one for almost 2yrs now. Has been for sale for ages but I think they're asking too much, plus they also have to combat with the current easy availability of land in Wingfield plus other...

Another one to look at Kim: Prominent Adelaide developer bought a group of old shops on Prospect Rd (No. 81) on a L shaped 1,700m2 block. One building running down the length, then another building to the rear facing the other building towards Prospect Rd with car parks parallel to each building...

Here's another deal, this one substantially bigger, but again may give you some ideas and food for thought. I followed this one for the 18-24 months or so it took from on the market to completion and leasing out: Building on The Parade at Norwood (No. 137). 972m2, corner block, with old...

Kim, just some thoughts off the top of my head, so take them for what they are. :) Perhaps finding some smaller buildings that have good potential may be a good way to wet your feet in the market? eg. find a group of run down shops, perhaps partially/totally vacant, under rented due to...