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Btw who do you talk to to crunch the numbers for you? An accountant?

Fair enough - thanks. As a newbie this venture is out of my depth but interesting to find out what's involved.

I am curious as to why no developer has snapped this up as yet. A 3 bedroom, 1 bathroom 2 carspace property went for $520K in the area recently (611m2). Say the land is subdivided as follows: Townhouse-1: 225m2 Townhouse-2: 225m2 Unit-1: 250m2 If you can get 3 bedrooms in each...

Hi, I am new to property investment and would like some feedback on the following property: House: Weatherboard, 3 bedroom, 1 bathroom, 1 car carport Condition: Average Suburb: Oak Park, VIC, 3046 Block: 700m2 Rented At: $250 pw Asking Price: $480,000, comes with approved plans and...