We are planning for our next IP in Brisbane inner city / ring area. We are trying to decide whether to buy land and build or buy an existing property that we could improve later on. So these are the different strategies we are assessing. We’re trying to work out if the effort of maintaining an old queenslander and the lower potential yield is worth the the value increase we might realise in the future if we do an uplift and expand the house. Versus just building something new which we can depreciate, have minimal maintenance to worry about, but won’t have anything to upgrade. Thoughts appreciated!