Young guns
From the way that I read your post you are only building one house?
I would do your sums very carefully as it is difficult to find vacant blocks for single developments which return a profit (I am not saying there arent any, but you will have to look very hard!). Even doing duplex's in Perth now have low returns (sub 5%) and normally arent worth the risk. Triplexes are probably out of your price range.
There are however many opportunities to add value to down trodden houses (renovations etc) which will have a smaller capital outlay and have better %returns. Also the turn around times are much better. You can also make the house you PPOR while you are doing the renovations. You dont need to physically live there just make it your PPOR. Send me a PM and I will give you some hints on how to do this.
The fact that your hubby is a builder actually scares me. Generally speaking tradesmen put their own work off, as it does not pay the bills now. While he may be able to do the job cheaper - chances are he will take longer. Unless you pay one of his mates to do it, I wouldnt recomend this strategy (only my 2c). In development terms - your interest bill is normally the largest unknown variable, and generally makes or breaks the development.
The areas you have selected I quite like (even though you have spead far and wide). Como is good. Karrinyup is expensive. Take a look also at areas like Yokine & Tuart Hill which are my favourite.
Gooram - My understanding of CGT is that you buy a PPOR, and then rent it out you have a 7year window where it is still CGT free. However, if you buy, rent it out, then make it you PPOR, then sell it, it moves to a % calculation. Im not an accountant so could be wrong (it happened once before
).
Best of good things to you
Blacky
