Here's a question I thought I had answered for myself,
I have a block in Essendon, Melbourne measuring 20 x 50 m.
The guy next door on same size block is nearly completed building 4 small T/H, 2 attic style and 2 single level, all single garage.
The question to me : should I follow with 4 small T/H or go for 3 good size T/H, with double garages ?
Factoring in that I have no intention of selling, so I am concerned about the long haul, not the quick buck. I thought I should go for 3 since they would be of better size, quality, and thus hold their low vacancy level longer and have a similar if not greater capital gain. BUT am I right here ? I'm not so sure. Still at the initial planning stage I can change my mind now, without too much penalty. So I'm interested in everyone's views. I should've put this to the forum earlier actually.
Which scenario 3 or 4 smaller would give best rent return ?
Which scenario would give best capital gain in the long run ?
Are there other questions I should be asking ?
I have a block in Essendon, Melbourne measuring 20 x 50 m.
The guy next door on same size block is nearly completed building 4 small T/H, 2 attic style and 2 single level, all single garage.
The question to me : should I follow with 4 small T/H or go for 3 good size T/H, with double garages ?
Factoring in that I have no intention of selling, so I am concerned about the long haul, not the quick buck. I thought I should go for 3 since they would be of better size, quality, and thus hold their low vacancy level longer and have a similar if not greater capital gain. BUT am I right here ? I'm not so sure. Still at the initial planning stage I can change my mind now, without too much penalty. So I'm interested in everyone's views. I should've put this to the forum earlier actually.
Which scenario 3 or 4 smaller would give best rent return ?
Which scenario would give best capital gain in the long run ?
Are there other questions I should be asking ?