My situation is that we're a single income family, with a wife and 2 young dependents at home. We have some equity and a reasonable deposit, and would like to buy another IP. We currently have the following properties: 1. PPOR - 3BR House in Pascoe Vale (subdivided block) 2. IP - 2BR apartment in Southbank We feel that we made a mistake not buying a full block of land in Pascoe Vale when we could afford it, and certainly the apartment hasn't had very much CG (as per this thread: Apartment in Southbank VIC - Sell? ). This next time around we want to make sure that we get some land (I'd consider units, but my wife won't). We know that we can borrow up to $420K (possibly more, but prefer not to). Being a single income family with 2 dependents, we're not exactly flush with cash. So what we're after is: >500 sqms of land Potential to subdivide in the future Capital Gain As close to CF positive as possible I'm currently leaning towards Broadmeadows. I think the reality on the ground doesn't match it's stigma anymore, but the prices still do. Considering the price of land in Glenroy/Hadfield, I can't see Broadmeadows remaining so far behind in the long term. It's close to the city, has good transport, and I believe that prices can only go up. However, I'm concerned that this is a bit of a risk because: It is Broadmeadows I'm concerned about the quality of tenants. I need this next IP to work out. If we end up with another dud like the first one, that'll be it for me. I won't be allowed to buy any more Is Broadmeadows a good option? What other areas should I consider, where we can get a decent amount of land, the potential for CG, and a fairly good rental return? Obviously I'll be doing a lot more research/due diligence, but any advice from some seasoned pro's would be appreciated.