Thanks everyone. Your words of wisdom are being gathered and put to good use [biggrin]

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Thanks Sailesh.

This has been helpful in getting myhead around the ‘development game’.

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Thanks for that colbert!

We are going to sell and have heard a ‘formula’ for investment property developing which goes:
1/3 Purchase, Designs and DA approval.
1/3 Development
1/3 Profit

ie if your total sale of all 8 units = $2.4m then it should cost 800K for the first step, 800K to develop and then your return should be roughly 800K… how…[Read more]