Looking at investing in a house and land package in epping, north of melbourne. I currently have properties in sydney and want to diversify into vic. Prices are cheap compared to sydney, you can build a 3x2 for around 350k finished. Epping is 26 km from melbourne and has good transport and amenities. I've never bought h and l before but thought it would be a good way to learn the basics of development with minimal funds and risk. What is the rental situation like for this product in this area ? My main worry is capital growth as they will release more and more land but then. Melbourne is expected to grow a lot population wise. I guess I expect prices to go up because it is so cheap relative to sydney for a location not so far from melbourne city. Thoughts appreciated !