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Definitely a market in regionals for subdivided land Also easier to find a good block as not every man and his dog is an 'investor' Anything in melbourne that someone can subdivide or put units on they pay too much for (in the sub 1 mill range) - I would think that unless your a builder...

It's probably easier to make money rennovating in a regional city than a capital city. There's less buyer desperation. For example in melbourne and Sydney if a cheap dump of a house came up in a good area you could almost guarantee that whoever buys it will pay too much for it and will find it...