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I doubt it would be.

I do see your point, but I never buy into the "I might miss out" mindframe. I'm a firm believer that there will always be another deal out there. It helps that my strategy doesn't rely on timing the market - its simply to buy under market to begin with. And so I simply offer what I am...

You can buy properties that are cashflow neutral/positive that also have development/high growth potential. They obviously are just a lot harder to find. But its pretty much my criteria and I've had some success find these around Perth every now and again.

I think you should stick with Perth for now because of the head start you have on the knowledge over here. Either that or you need to be studying a lot more about the market, laws, and buying/renting process in SA or wherever it is you are buying. Its not good enough to have a rough guess...

Learn more about property investment, probably starting with reading old and new threads on this forum. Seriously though, if you consider yourself "green", then going straight into property development is probably quite risky. What made you think development? Otherwise, welcome to the forum!