Yep, they are, and have been, done in Canberra. At the mo, wrapers are being charged for stamp duty on the sale to the end-buyer plus land tax.

Steve,

Quick question: obviously finding a 3 bedroom house at around $90k you would have to go ‘rural’. Once you found such a property, would you then need to then take in to consideration the demographics of the area (eg. population, industry, growth)?

Cheers,
Rob