Making Money on House & Land Packages

Discussion in 'Development' started by sash, 10th Apr, 2016.

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  1. ASB

    ASB New Member

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    Good point MTR and thanks for sharing Tom. I'll look into the Logan, North GC and other estates in the Brisbane area. Don't feel comfortable with the prices in the Melbourne area at the moment.
     
    ASB, 17th Sep, 2017
    #341
  2. Connor

    Connor Well-Known Member

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    Yes... But you need to be very selective on the area, estate and lot purchased. Takes work, but its still possible to to put together a H&L deal for a good 10-15% less than what comparable houses are selling for. There's some instant equity right there...and that's without factoring in any market growth.
     
    Connor, 17th Sep, 2017
    #342
    Sackie, ashish1137 and Cactus like this.
  3. Ardi

    Ardi Well-Known Member

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    @MTR Have you seen any signs of improvement for Perth yet? Or do you think there is no end in sight?
     
    Ardi, 21st Sep, 2017
    #343
  4. ASB

    ASB New Member

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    Good point about being selective. Saw prices in a Rockbank estate for the first time since April and they are up 30K on average. And this is on prices I thought were high! I will definitely look further out. Wydhamvale, Donnybrook and Melton probably.
     
    ASB, 21st Sep, 2017
    #344
  5. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    Rising prices in a new development doesnt always reflect a market. It may reflect demand being constant and so the developer has raised prices after selling a number of lots.
     
    Paul@PAS, 21st Sep, 2017
    #345
    Tom Rivera likes this.
  6. MTR

    MTR Well-Known Member

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    Stock is moving but its price sensitive.

    The millennials are snapping up nice little trendy houses/cottages in popular inner city pockets, its not unusual to see more than one offer on these.

    I spoke to a re agent the other day and he believes the market has bottomed, he is also a developer.

    The outer burbs where there is lots of land may take more time to recover??

    MTR:)
     
    MTR, 21st Sep, 2017
    #346
    Ardi likes this.
  7. Seby643

    Seby643 Well-Known Member

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    What are people paying lately for a 3x2x2 turn key home in outer west melbourne lately?
     
    Seby643, 24th Sep, 2017
    #347
  8. ashish1137

    ashish1137 Well-Known Member

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    I would say about 185k (+-5k) for a 17 square.
     
    ashish1137, 24th Sep, 2017
    #348
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