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Excellent thank you again.
Are you aware of the minimum requirement for a duplex in NSW?
Ok no worries THANK YOU!!
What would be the best formula for calculating such costs, (obviously on an estimation basis)
By tax I assume you mean CGT- How can I estimate this also?Also when you you say to estimate $1000 per square meter : would I calculate this as follows:
$1000 x 600 (if the property was 600 meter square) thus equal to $600,000?? excluding land?
I didn't realise it would be so steep.Im a little confused as to if this is so, how on earth would I make a profit?
Thanks for the extra quick reply and the welcome,
Ive been reading all day and everyone seems extremely helpful, this site is a great source for anyone thinking or involved in investing in real estate.Well to be honest since my initial posting , im becoming more and more reluctant to go head first into 3 units, so im contemplating a townhouse (singe story) or duplex, as you can tell im still not 100% certain.
Overall my goal is to make a decent profit and build my own home..
I'm uncertain of exactly where I want to be at the end, I would like to either sell them both to build my own home or sell one and rent the other out..
Im not sure of what sort of deposit I would require, im looking a couple of blocks at the moment for around $180,000 – $200,000 for around 1200 sqm, however im beginning to think I woulds need something this big for a duplex?
Any advice is good advice so thanks again for taking the time to talk to me about this stuff.
