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Hi hrub,
Victoria, about 30k from the CBD.
My thought is that the demand is for businesses/offices since that's all that's getting built/converted around the area. The blocks of flats are the only residential that has survived the commercial development of the area. Everyone else has moved out.
On the other hand there's always people looking for cheaper commuter housing.
The house is a single floor house BTW.
I was thinking of building a structure in the back that could serve equally as either as residence or an office since I don't want to second guess the market. Of course subdivision might be a simple and quick way to squeeze out a little more money and make the first part easier for someone to buy.
Any further thoughts would be greatly appreciated.
