Hi All, I am contemplating my first development project and I would like some general advice on expectation of returns. The example is as follows: Site costs: $600k (land purchase and holding costs) Construction costs: $600k (to build 3 townhouses) Total resales of 3 townhouses: $1.8M Profit after all expenses (GST, transaction costs): $300k Return on investment: 25% over a 3 year duration Is this something that is aspirational? I believe it is achievable, but is it worth the risk compared to your traditional buy and holds? I know that this is general in nature and that every investment proposition is different for everybody, but just wanted to throw this out there as an example. Appreciate all your feedback in advance.