TMNT:
All comes down to your investment strategy. I just look at it that if you have to wait for land values to increase by 40% to make break even costs, it's probably not a developers delight initially. As to what properties are out there which provide better yields and cheaper per sqm, I'm not a Buyers Agent so I'll be keeping those finds to myself.
haha fair enough, I wasnt fishing for deals, just wondering what rent and purchase price you were talking about,
and yes I agree about not having to wait for developments site, however, im looking for a long term buy and hold and develop eventually, while being cashflow positive/neutral
thansk for your help DT and Cjay