I have bought 3 houses in Altona, Victroia recently. Total cost of 2.3m. Roughly at 70% LVR. Approx 2000sq/m in total. I can put 3 town houses on each. The view is to hold for 3 years, then develop. My question to the group is: Should I instead just hold the portfolio and continue to buy up blocks. Or will developing sites alow me to make more money. I ask as it seems after 10 years, if I kept buying sites etc I would have a really nice portfolio. Low touch and would soon off.lots of cash. however it seems that more money can be made by developing sites. Particularly if you have the cash to buy the larger inner city blocks. I.e collingwood for example, every warehouse seems to have been bought. I'm not interested in postive cash flow properties, I'm much more interested in growth. Thoughts ?