Plan is to have 2 projects running in any fiscal year so as the Baulkham Hills project is heading to the finish line its time to start another couple of projects. What is it? 1000sqm block on Sydney upper north shore Very tired looking 3 bedroom 1 bathroom house Approx 20m frontage The Development: We exhausted every possible avenue, affordable housing, over 55’s, etc but couldn’t develop it due to the tight ku ring gai council restrictions (which in some way is a good thing as it severely limits supply). Since the frontage is quite large we are doing a street facing new build with a detached secondary dwelling both facing the street. The main dwelling is 4/5 bedroom house. Secondary dwelling is going to be open plan, high ceilings, etc. Numbers: Current Value: $1,600,000 Current Rental: $750 per week Current Debt: $660,000 Construction Cost: $1,000,000 Holding: $100,000 DA/CC: $40,000 EMV on Completion: $3,000,000-$3,100,000 1st Dwelling Rent: $1,500 - $1,800 p/w 2nd Dwelling Rent: $650 p/w Depreciation: $30,000 - $40,000 p/a (need to verify this figure) Total Income: $136,800 p/a Loan Repayments: $6,750 p/m Misc: $800 p/m Insurances: $150 p/m Council Rates: $200 p/m Total Expenses: $94,800 p/a ($137k based on purchasing the property) Surplus: $42,000 p/a Still at concept stage and still a few weeks away from finalising the plans but I have attached the concepts as to the high level vision of what I'm trying to achieve. Re the theme - I'm opting for a georgian theme based on the area and the demographics.