Hi Tom,Of course. Really just using rough figures to have a play around to see if it could work on rough scale. The rental is what the agent said it should be able to get, one being brand new and the other spruced up average $350 each, but even if that is a bit higher I am using actual purchase price and top dollar building costs.I used those f…[Read more]

Hi, I know I thought the same thing. It is in Kylie Street.

Thanks to everyone for thier reply. Richard, when you build the new property they will both have seperate titles.D, I haven't studied the plans but from what I have understood the plan is almost the same house so they will be two identical houses almost, side by side.I haven't gotten building quotes just working on rough cost of 150/200K as you…[Read more]

Hi Richard,Thanks for your reply. I have spoken to the estate agents and the existing house would stay as it is.  There is already plans in place for the new house which is almost identical and it goes down right beside this house. So really, would just need to get a builder to build the new house and you have yourself two investment properties w…[Read more]