Land and new construction

Discussion in 'Development' started by Jono789, 3rd May, 2022.

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  1. Jono789

    Jono789 New Member

    Joined:
    3rd May, 2022
    Posts:
    1
    Location:
    Sydney
    Hi Everyone,

    I'm new to this forum and would like to ask for guidance on how to go about my investment decision for building a duplex on an empty plot of land in Sydney. Land is roughly 500sqm with R3 zoning. How should I start researching and budgeting?

    Thank you :)
     
  2. Investor1111

    Investor1111 Well-Known Member

    Joined:
    19th Aug, 2021
    Posts:
    287
    Location:
    Darwin
    Very expensive to build these days, your up for 30% price increase from 2020. Builders are struggling, some are going under. Crunch the numbers, assess the risk and see if it's viable for you. Look at some of the threads in the development forum, should be able to help you make an informed decision.