Hi guys - We have an old house in the inner western suburbs of Melbourne. We purchased the property a few years ago with the intention of renovating and selling, taking the CGT free proceeds to buy in a 'closer in' suburb and repeating the process. I have hit an intersection and not sure where to turn. Where do you draw the line between deciding to undertake a full renovation now and moving on; or living in it/renting it out for a couple more years before doing a duplex? Unfortunately for us, the block size won't permit 3 townhouses. I've done a feasability and while it is more profitable to go through with the duplex, the process will take longer with permits, construction leads times etc. Any advice or suggestions would be great!