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Yes I underestimated it a bit More like 50k for the land portion (they wouldn't have paid half though) Just think a townhouse is a bad idea - what will it rent for $600? 7.8% yield with more houses to come online I'd rather buy a cheap house on 1012 and subdivide or go what your doing...

It's not really to good to be true First of all its a townhouse Townhouses make sense in the city not in a country town Second - land is cheap in the Surat so the land component for your townhouse might be around $20 - $30 k as opposed to melbourne where it would be more like 150k (...

Hmm yeah it's a worry. Maybe if Gladstone can retain a lot of the workers it should be ok. But say in ten years the construction is over and the workers want to go home then I would be concerned.