How Property Development Is Not As Easy As It Sounds
How Property Development Is Not As Easy As It Sounds ?? HOW IT’S HARD to #profit from #property #development. Imagine the following scenario: ⬇️ Land purchase price (assuming triplex build is allowed): $200,000 Stamp duty, etc 5%: $10,000 Demolition: $20,000 Subdivision: $60,000 LVR: 80% Interest rate: 4% Holding cost up to 24 months (including build): $12,800 TOTAL INITIAL COST: $302,800 Triplex … How Property Development Is Not As Easy As It Sounds








