I would have thought 1200 sq would allow you to build 2 4brm houses. We have a 799 block and we can put 2 large townhouses on it. If you have a planning permit for 2 dwellings you should have plenty of room for 2 good size houses. If you are in a growing area you could even fit 3-4 townhouses (strata type). Ask your council what the street is zoned. Ask a local agent what is the best seller in the area, then talk to an architect, as the layout of the land is important too. We did all the homework on costs of building with all the rules council have now (enviro and other demands like engineers report, town planner, arborist report, ) incl DA and building cost and found that it wasnt worth it if we were going to sell straightaway. You need to be willing to hold it to make any money. Of course if you can do some of the work yourself it could be different. Good luck

I have jusr bought in gladstone qld and am not sure whether to furnish for rental. Has anyone done this? Do you supply linen too? Does the extra rent make it worthwhile or do you end up with too many ongoing costs? Looks like a great place. Investors are pouring in there.i know the big companies like furnished..