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Development sites calculations

Discussion in 'Development' started by Elvis1, 11th Sep, 2016.

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  1. Elvis1

    Elvis1 Well-Known Member

    Joined:
    7th Sep, 2016
    Posts:
    45
    Location:
    Sydney
    Hi everybody

    I would like to develop in the future just jumped on pc to start my research
    im thinking of starting with a duplex / townhouse for first project .
    I'm aware of the council research on area in regards to zoning etc.
    What I'm not sure of are the numbers I should be costing in from purchase , development to sale to make a profit sure there will be holding costs as well .
    I ask this so I know what to purchase a property for knowing that I plan to develop .
    Any help would be great ..
     
  2. Big Daddy

    Big Daddy Well-Known Member

    Joined:
    25th Jun, 2015
    Posts:
    473
    Location:
    Perth
    Sale should be comparable properties that have recently sold in the area.

    Build is based size and spec. Maybe search recent development approvals on the council website and look at plans and construction costs to get an estimate
     
  3. lilolizard

    lilolizard Member

    Joined:
    12th Sep, 2016
    Posts:
    5
    Location:
    Gwandalan
     
  4. Leo2413

    Leo2413 Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    5,842
    Location:
    Sydney
    Meet up with a Sydney developer from here and pick their brains. May have to pay them for their time if you want too much but its worth it imho. That would be my approach. Good luck.