What do you guys think of this?

Looks like it is under contract. Great location though. I thought I saw some house and land for the 600k mark when I looked at Kangaroo Point a few months ago. Similar price for the bottom buy in at West End for house and land (small houses and crappy sized lots).

What insurance arrangements can you make if no strata? A shared wall in a wooden structure with neighbours of an unknown quality may make an insurer apprehensive.
 
In this location being a stone throw from the city and the market being around 10% undervalued I do not see how you could go wrong with a property like this. In my opinion this property will go up in value and would have strong rental demand. If another one comes up grab it.
 
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