I was wondering if its just me but the sydney market at the moment every deal i look into is only returning at best 15%, its becoming frustrating I'm looking for a minimum 20% return on my capital.
Yeah i know the market is cooling.I'm looking at unregistered land in a new estate in box hill at the moment 18 months until land registration, other builders are selling house and land at the moment for 15% margin. The land developers are not dropping prices due to the market changing and the general public are still buying. are they crazy or am i lol. I thought the market cool off price wise
market has peaked you would have rocks in your head buying now, smart money has already purchased and sold 15% what is this?
15% is the return on my investment. if I'm putting $1000000 into a deal the best return i seam to be getting back is $150000, for it to be feasible you need 20% to 25% i believe
you will need to consider what and where the market is at on completion, if it takes 9-12 months to build, very important. building land and house packages work well in rising markets