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Look I think it would be a massive cash drain. I think most 1.25m houses rent for around $1000. http://www.realestate.com.au/property-house-wa-gwelup-410561923 Example - new 4 x 2 in Gwelup. My estimated value around 1.25. It is not a development block and not a block worth 1.25 with a house...