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so what about buying an old house or cottage in that area to rent out with the idea of building on that block in the future.
I see your point, ive already thought of the no income part but i guess what im looking at is the capital gains, and if i take the investing in rentals path will i end up with enough assets to buy in that area 10yrs down the track.
My other dilema is the fact i dont want to live at home for another 10yrs!i understand that going by the paper isnt always accurate but i have friends who live in the hills and crafers is actually the closest hills suburb to the city (only 12kms) therefore its become a highly desirable location, in fact the only location where u can get such lifestyle and block size (the block i saw was 1700sqm). So infact it make perfect sense for it to have such growth.