QLD Northgate IP

Discussion in 'Where to Buy' started by trungvn, 2nd Nov, 2019.

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  1. trungvn

    trungvn Active Member

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    What do fellow investors think of this for an investment property? Would it fit my strategy is to land bank for a couple of years then subdivide or develop and there is a current offer of $700k?

    28 LOVE STREET, Northgate QLD 4013 - House For Sale | Domain

    I read on some other thread on development that estimated holding + building costs to be around $1M for high specs. With a purchase price above $700k, selling price would have to be at least $900k to be profitable but a quick search on sold history did not give any property at $900k with that land size in the suburb.

    What would you do with it and how much would you pay?
     
    trungvn, 2nd Nov, 2019
    #1
    Elives likes this.
  2. Rich2011

    Rich2011 Well-Known Member

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    Rich2011, 2nd Nov, 2019
    #2
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