Hi All, Just wondering what are the costs involved in building a new house? (in Melbourne) Say I buy a flat block for $230,000. How much would is cost to build a standard house? Also how does it work with finance.. I put down 10% deposit, are there progess payments along the way? Do you usually pay at the end? How long does it take to build? I'm thinking you save on stamp duty, as you pay on only the land ($9400) instead of $18500 Also a new house has better deprication as a IP, and should rent better since its new.. Are there any other hidden things I need to consider? Or is it better buying a established home and renting it.