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What to look at when doing your first subdivide &develop in terms of numbers

Discussion in 'Development' started by ross100, 17th Jul, 2015.

  1. ross100

    ross100 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    158
    Location:
    Melbourne
    looking to subdivide a block and built a single dwelling at the back
    How to stack up the number for profitability on paper even before you start looking for council approval etc.
     
  2. Be Developer

    Be Developer Property Developer Business Member

    Joined:
    19th Jun, 2015
    Posts:
    1,078
    Location:
    Australia
    Cost of land (prior and post of subdivision, in your case)
    Cost of construction
    Cost of Contribution charges to various govt authorities
    Holding Cost
    Selling Cost
    Professional Fee
    Comparable re-sale value

    are few things to consider!
     
  3. ross100

    ross100 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    158
    Location:
    Melbourne
    Thanks Be Developer
     
  4. Paul@PFI

    Paul@PFI Tax Accounting + SMSF Business Member

    Joined:
    18th Jun, 2015
    Posts:
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    Location:
    Sydney
    Ross, BeDev had a calculator on his website under resources that I have found good for feasibility.... Might be worth a look.
     
    Be Developer likes this.