In the near future, and after some further research on this forum and elsewhere, I am hoping to complete small subdivision/development projects around Hobart. I'm looking at starting with small projects, something like a basic cosmetic reno and subdivide the block into 2, selling both for a quick(ish) profit. The question I have encountered while doing some feasabilities is with all the purchasing, selling, holding, and subdivision costs, is it possible to make a profit on a sub $300k or $400k property. Even with all the services already on the street so allowing the subdivision to cost only $15-20k, I still can't seem to make the numbers work. And it's not even close. Is there a purchase price 'sweetspot' where more projects will make financial sense? Or am I making a huge error somewhere?