Actually I have a lot of questions not just about land size. Hoping you guys can let me know if I've missed anything in my considerations. Goal: Buy and hold for 10+ years, would like decent growth in next 3-5 years. Due to personal, career and financial reasons, I do not expect to be able to renovate within 3-5 years. I've eyed up 2 properties in the same suburb. They are priced very similarly. Neither of these look to have much possibility for change in zoning (both low density residential). Property 1: 600sqm.The other properties in this street are around the same land size. 3/1/1 lowset 40 Year old house, room to create growth with cosmetic renovations. Expected yield of 4.2% Bus + train transport Lower socio-economic area Property 2: 450sqm. The other houses in this street are a mix of 450 and 600+sqm properties. 4/2/2 highset Sub 20 year old house, not much room to create growth. Expected yield of 4.5% Bus only transport. Much closer to shops. In a higher perceived wealth area of the suburb. 4 bedroom houses with 600sqm+ in this area are easily 10-20% more than this one. Justifications/Assumptions 4 Bedroom vs 3 Bedroom ?? Old house Room to create growth in older house. More maintenance Newer House More depreciation? Less maintenance Larger land Higher rates More land tax More growth? I'm leaning towards property 2 purely because I won't be doing renovations for several years, and it seems to require much less work. Am I overlooking anything? Is land size overrated? Do any of you actively avoid small plots? Highset vs lowset?