hi everyone. had a chat with a friend on the weekend whos strategy involves only buying new land releases. eg in NSW middleton grange, oran park area.. (completely new areas) then building/developing houses for future sale. hes view is he could not buy an existing block to knockdown and rebuild (way too expensive). i've never thought of this approach and was interested to hear peoples views on this strategy? I was only ever interested in established areas, but not to buy knockdown and rebuild. Thanks.