Iam new to the forum, therefore I would firstly like to say hi to all the exising and potential members.
The forum has been very interesting and I hope to contribute also in the nea future.

My question is that I have approximately 500-600k of equity in my properties. i currently live in a duplex which I shall be selling shortly as I am moving to brisbane. After selling the duplex I would have approximately 200k plus (including cash&equity).
My second property is in Wynnum/manly brisbane. It is only a block of land free from any debts (400-550K). It is only 700m to water with city, gateway bridge, bribane port views, golf, shopping centre 2.5k away & schools nearby. Electric train services are also 700m away with all the needed facilities. Wynnum is going through neighbourhood planning and has a lot of potential.

What I would like to do is build a house on the land for approx (400-500K) and have it as an investment property (I/O) and built up more equity keeping in mind the plans for wynnums future.
upon arrival in brisbane I intend to live near city for work purposes and rent for the time being.

Could you please advice, if Iam on the right track for now and how I can best utilise the equity.

Thank you
Jay