Hi all,

Im still an amateur investor as im still studying in uni.

I recently purchased some land in the Lakelands Private Estate near Mandurah http://www.lakelands-estate.com.au. My plans are to build a house on the land live in it for one year to get out of CGT (since rents are so low and its my first ever invesment) and then sell the property (a 3 year time frame). The land cost me $117,500 for a 605m^2 block with settlement to take place later this year.

I was just wondering what other poeple think of this estate (opposite Madora Beach), to me it seem like a good investment, but then again i am still new to this “game”

Thankyou