Hi Wayne

18 months ago I brought a block of land in a new estate where you could buy a block of land for 75000. Built a house on it and sold it 18 months later. In that area blocks of land are around 150 000. That was in Canning Vale

I am now doing the same thing again in Port Kennedy. Signed up for the block of land during prerelease in November. Didn’t have to start paying mortgage until June. In that time there is no supply of land left so the property price seems to of risen heaps.

This seem to be a good way of making money, no capital gains to pay, the only hassle is it takes so long to build a house at the moment so many delays.

Regards

Wayne