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this is along the lines of what I want to do.

Should be able to make a dollar at those costs I would have thought but who knows its a couple of years away do you have anything in that area ?

without fully considering the planning requirements etc there are several designs available for less than $200k for a home this size, as an example (I realise that by the time you sign the contract it typically ends up ten percent dearer): this place has a starting price of $109k...

I do appreciate your advice. I am new to this which is why I'm here. The way I look at it if I contribute minimal cash to get it started and rent the house it a few year paying p an I it probably wouldn't be a bad return on my initial investment or am I looking at it the wrong way?

You can build a house for a lot less than that I've already got prices for site clearing etc. thanks for the advice sanj

Agree I am not worried about it even two houses if it came to it h

This link is a townhouse and its over 400k

i dont really care - but i remember the areas around cambridge street to be pretty ordinary, especially the flats right at the start. i am under no illusions about what girrawheen, balga and those sort of areas are like - but they generally change over a longish period of time.

around cambridge street

i dont follow the first part of this post - $260k extra for what, and where? rent for the house i bought in girrawheen at the moment would be about 380 per week. rent for three villas in three years time? who knows, a lot can happen in three years. closer to the city doesnt necessarily make it...

was thinking 3x1 for a villa - i guess I have a while to think about it

Continued from - http://somersoft.com/forums/showthread.php?p=1046290#post1046290 Wouldn't it be possible to do three at a lower density - three dwellings at r50?