Site: 784 sqm Single Res Dwelling (duel occ potential) Where: City of Parramatta Purchase price $ 744,000 Conveyancing $ 3,000 Stamp duty $ 28,990 Mortgage insurance etc. $ 13,196 Total purchase costs $ 789,186 DA Costs DA application fee $ 2,869 Council contribution $ 7,500 Construction Certificate $ 5,000 Easement application, administration, legal and valuation $ 6,928 Easement grant fee $ 5,500 Total DA costs $ 27,797 Holding Cost, $60,000 Consultants cost: $28,626 Construction Cost: $745,000 Contingency $55,000 Total Development Cost $1,709,605 End value at time of feasibility: $2,000,000 (for both) Current end value: $2,400,000 (for both) strong chance at time of completion would be $2,500,000 based on current sales in the area. Based on feasibility at the time we were looking at a 20% return on total development costs (would have gone lower specs at that time, but since the market has moved and specs in the area, we decided to increase the level of spec to current figures. It has taken a year to get almost full DA due to an easement we had to get from council which was a challenging process, but well worth it.) We are planning to rent both. When we bought the land the numbers made sense for us at 20% but we were hoping that Sydney would have some good growth and as a bonus for us it had! Estimated gross profit at time of feasibility: $400,000 (about 20% return) Current estimated profit: $690,000+ (40% return) We are about to start construction hopefully shortly. Will keep this thread updated but I need to balance the privacy of my family's request too.